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Stock Market & Financial Investment News

News Breaks
June 9, 2014
08:05 EDTRVBDElliott says Riverbed board hasn't responded to request
Elliott Management issued a public statement regarding Riverbed. It stated, "It has now been two weeks since Elliott requested a meeting with Riverbed to discuss the results of its annual meeting, at which shareholders overwhelmingly voted down the company's proposals and voted off the director up for reelection. We are one of Riverbedís largest shareholders, and the fact that this board hasnít responded to our request for a simple meeting is unprecedented in Elliottís history. Despite complaints from other shareholders and public criticism from leading shareholder advisers ISS and Glass Lewis, Riverbed Directors Mark Floyd, Chris Schaepe, Kim Stevenson, Michael Boustridge, Eric Wolford and CEO Jerry Kennelly have done nothing to address the severe governance issues at Riverbed and the need to rectify its significant stock-price underperformance. Riverbed is experiencing a governance crisis. It is long past time for this Board to stop stonewalling shareholders and engage with us to find a path forward."
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September 12, 2014
20:39 EDTRVBDRiverbed announces developments in litigation with Silver Peak
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20:35 EDTRVBDJudge upholds infringement verdict against Riverbed in favor of Silver Peak
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September 10, 2014
12:42 EDTRVBDElliott says $21/share Riverbed offer stands, board not working with holders
Elliott Management issued a public statement regarding Riverbed Technology, stating in part: ďRiverbedís announcement today sends a clear message to shareholders: We donít care what you think...Going against every modern principle of shareholder engagement and good corporate governance, Riverbedís Board has decided to ignore the wishes of shareholders on every count. The Board didnít just ignore the larger message to stop entrenching and engage. It even decided to keep the Board member that was voted off, failed to articulate any meaningful changes to the compensation plan, and chose to keep its poison pill. Above all, the Board continues to ignore serious acquisition interest even after the company publicly admitted that it will miss its ď10% growth planĒ by a wide margin...We have tried to engage with this Board, and our cash offer of $21 per share for Riverbed still stands. However, the Boardís decision today indicates that these directors are simply not interested in working with shareholders constructively. As one of the companyís largest shareholders, we intend to remain fully engaged, and we will continue to work toward a value-maximizing outcome.Ē
12:39 EDTRVBDElliott says $21 per share offer for Riverbed still stands
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12:39 EDTRVBDElliott says Riverbed board not interested in working with shareholders
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08:33 EDTRVBDRiverbed affirms commitment to corporate governance enhancements
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08:31 EDTRVBDRiverbed names Mike Nefkens, Steffan Tomlinson to board of directors
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September 3, 2014
12:22 EDTRVBDRiverbed sees more opportunity than risk in Russia
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12:17 EDTRVBDRiverbed sees Q3 as a strong performing quarter in the government vertical
Comments made at the Citi Global Technology Conference.

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