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July 17, 2014
09:13 EDTRVBDElliiot says bought Riverbed shares, interested in raising stake but prevented
Elliott disclosed in a regulatory filing that it recently acquired additional Riverbed common stock and is interested in further acquiring additional shares of common stock at the current market price. However, due to the poison pill installed by the company’s board, Elliott is constrained from acquiring additional shares. Elliott has had recent dialogue with Riverbed in which Elliott shared its view that Riverbed should immediately explore a sale of the company to interested buyers, including Elliott. Elliott also reaffirmed its $21 per share cash offer to acquire the Issuer and again requested access to diligence. Elliott, Elliott International and EICA collectively have combined economic exposure and voting power in the Issuer of approximately 10.8% and collectively own 14,966,446 shares of Riverbed common stock, constituting approximately 9.3% of all of the outstanding shares and have net economic exposure to approximately 1.5% of the shares of stock outstanding pursuant to Derivate Agreements.
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