Home Riverbed shareholder makes USD 3 bln takeover bid
 

Keywords :   


Riverbed shareholder makes USD 3 bln takeover bid

2014-01-09 09:32:00| Telecompaper Headlines

(Telecompaper) Riverbed Technology announced that it has received an unsolicited takeover bid from Elliott Management worth USD 19.00 per share in cash. The company's board will review the offer before commenting further. The bid values Riverbed at just over USD 3 billion. Elliot already holds a 10.5 percent stake in the company and has been pushing Riverbed to review its strategy. In a letter to the company in November, it called the stock "significantly undervalued". Riverbed then started working with Goldman Sachs to study strategic options, people with knowledge of the situation told Bloomberg.

Tags: makes usd bid shareholder

Category:Telecommunications

Latest from this category

All news

»
07.11Hurricane Rafael Graphics
07.11Hurricane Rafael Public Advisory Number 15A
07.11Summary for Hurricane Rafael (AT3/AL182024)
07.11Atlantic Tropical Weather Outlook
07.11Eastern North Pacific Tropical Weather Outlook
07.11Amino updates Android STB portfolio with Amigo 7Y launch
07.11Sainsbury's and M&S warn Budget may push up prices
07.11VIZIO reports Q3 2024 financial results
More »