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Stock Market & Financial Investment News

News Breaks
January 9, 2014
06:27 EDTRVBD, PLCMStrategic 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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September 29, 2014
17:20 EDTRVBDEton Park reports 5.63% passive stake in Riverbed
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September 17, 2014
11:47 EDTRVBDRiverbed's Scott Downie departs company to join Illumio, Re/code says
Scott Downie, who has run Riverbed's customer support operations for nearly nine years, has left the company to join security startup Illumio, Re/code reports. Reference Link

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