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Stock Market & Financial Investment News

News Breaks
March 11, 2014
12:22 EDTRVBDElliott urges Riverbed to allow all interested buyers to conduct due diligence
Elliott Management, affiliates of which collectively own or have economic exposure to approximately 10.5% of the common stock and equivalents of Riverbed Technology, issued a public response to what it called "a series of grossly misleading statements" made last week by executives of Riverbed. Jesse Cohn, portfolio manager at Elliott, said, “By publicly denying the buyer interest that has been expressed to the Company and by comparing the value of Elliott’s bid to a false reality, Riverbed’s Management and Board have crossed a line from failing shareholders to actively misleading them as well... The clear and correct path forward is for the Board to stop misleading shareholders and instead allow all interested buyers, including Elliott, to conduct diligence with an eye toward exploring a value-maximizing transaction.” Elliott also noted it has filed a presentation by investment bank Moelis & Company, which "validates the attractiveness" of Elliott’s $21-per-share bid for Riverbed.
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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