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Stock Market & Financial Investment News

News Breaks
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.
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 Teachers’ Private Capital, the private investor department of Ontario Teachers’ Pension Plan.

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