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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:27 EDTPLCM, RVBDStrategic buyer could pay over $25/share for Riverbed, says Citigroup
Citigroup expects Riverbed (RVBD) to reject Elliott's $19 per share takeover offer and believes potential outcomes could result in a stock value of $21-$25 per share. Citi estimates a financial buyer could pay up to $23 per share for Riverbed and still earn over 20% annually. The firm believes a strategic buyer could pay over $25 per share for the company. Citi views Riverbed as an attractive leveraged buyout candidate, and says the buyout math also looks attractive for its peer Polycom (PLCM). Citi estimates a financial buyer could pay $14 per share for Polycom. Riverbed closed yesterday up $1.68 to $19.53 while Polycom added 4c to $11.65.
News For RVBD;PLCM From The Last 14 Days
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July 22, 2015
19:02 EDTPLCMOn The Fly: After Hours Movers
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17:21 EDTPLCMPolycom sees Q3 adjusted EPS 20c-22c, consensus 22c
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16:08 EDTPLCMPolycom reports Q2 EPS 22c, consensus 22c
Reports Q2 revenue $316.6M, consensus $332.53M.

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