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Stock Market & Financial Investment News

News Breaks
February 28, 2014
08:32 EDTRVBDRiverbed rejects unsolicited proposal from Elliott
Riverbed Technology announced that its Board of Directors, after consideration with its independent legal and financial advisors, has unanimously determined not to pursue the unsolicited proposal from Elliott Management Corporation to acquire all of the outstanding shares of Riverbed common stock for $21.00 per share, as it believes the proposal undervalues the Company and is not in the best interests of shareholders. As previously stated, the Board will carefully review any credible offer to acquire the Company that it receives. Any such offer must deliver value to our shareholders in excess of what we believe will be created as we execute on our growth plans. The Board remains focused on delivering value to all Riverbed shareholders. Goldman, Sachs & Co. is serving as financial advisor to Riverbed and Wilson Sonsini Goodrich & Rosati is serving as legal advisor.
News For RVBD From The Last 14 Days
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January 29, 2015
16:12 EDTRVBDRiverbed reports Q4 EPS 34c, consensus 32c
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15:37 EDTRVBDNotable companies reporting after market close
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January 20, 2015
16:54 EDTRVBDRiverbed board recommends holders vote for adoption of merger with Thoma Bravo
On December 15, 2014, Riverbed Technology announced that it entered into a definitive agreement to be acquired by leading private equity investment firm Thoma Bravo, LLC and Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan.

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