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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."
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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