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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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November 20, 2014
13:57 EDTRVBDRiverbed receives expressions of interest from Thoma Bravo, Bain, Reuters says
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13:15 EDTRVBDRiverbed receives expressions of interest from Thoma Bravo, Bain, Reuters says
Reuters reports that Riverbed has received expressions of interested from Bain Capital, Thoma Bravo and Hellman & Friedman.
November 18, 2014
07:36 EDTRVBDUBS to hold a conference
Global Technology Conference to be held in Sausalito, California on November 18-20 with webcasted company presentations to begin on November 18 at 10:45 am; not all company presentations may be webcasted. Webcast Link
November 17, 2014
11:24 EDTRVBDRiverbed turns positive after confidentiality pact with Elliott disclosed
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11:20 EDTRVBDRiverbed signs confidentiality agreement with shareholder Elliott
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