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Stock Market & Financial Investment News

News Breaks
January 8, 2014
10:45 EDTRVBDElliot offers to acquire Riverbed for $19.00 per share
Elliott Management sent a letter to the board of Riverbed offering to acquire all of the outstanding shares of common stock of Riverbed for a price of $19.00 per share in cash. Elliott, affiliates of which collectively own or have economic exposure to approximately 10.5% of the common stock and equivalents of Riverbed is a multi-strategy investment firm. In the letter, Elliot said, "Riverbedís valuation has been impaired by slowing growth in its core WAN optimization market and by significant investments in both acquisitions and operating expenses undertaken to diversify away from the core WAN optimization business. As a result, we believe the Companyís stock, prior to the filing of our 13D, meaningfully underperformed its peers and indices over nearly every significant time period... we believe that Elliott is uniquely situated to deliver maximum value to the Companyís stockholders on an expedited basis. Elliott is prepared to devote considerable resources to completing this transaction, and we are confident that with your cooperation we will be able to execute a definitive transaction agreement without delay."
News For RVBD From The Last 14 Days
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April 23, 2015
17:39 EDTRVBDS&P announces changes to the S&P 400, 600 indices
S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: Dunkin' Brands Group (DNKN) will replace Riverbed Technology (RVBD) in the S&P MidCap 400 after the close of trading on Monday, April 27. A group led by Thoma Bravo is acquiring Riverbed Technology in a deal expected to be completed tomorrow. Walker & Dunlop (WD) will replace Entropic Communications (ENTR) in the S&P SmallCap 600 after the close of trading on Thursday, April 30. MaxLinear (MXL) is acquiring Entropic Communications in a transaction expected to be completed on or about that date pending final approvals.
17:17 EDTRVBDDunkin' Brands to replace Riverbed in S&P 400 as of 4/27 close
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