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Stock Market & Financial Investment News

News Breaks
March 4, 2014
10:45 EDTRVBDElliott says buyback shows Riverbed 'focused on the wrong issues'
Elliott Management issued a statement in response to Riverbedís announcement of an expanded stock repurchase program. Elliott said, "Riverbed's announcement today of an increased buyback program is more clear evidence of the Board's entrenchment. Riverbedís shareholders want and expect the Board to explore a value-maximizing sale, not to reflexively announce a buyback when the stock is up 35% on buyout speculation. Instead of engaging interested buyers, the Board has once again confirmed that it is focused on the wrong issues and desperately searching for any tactic that will allow it to retain control over a public Riverbed. The correct path forward is for the Board to allow all interested buyers, including Elliott, to conduct diligence so they can present shareholders with their best offers for the Company."
News For RVBD From The Last 14 Days
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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 Teachersí Private Capital, the private investor department of Ontario Teachersí Pension Plan.

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