Looking to keep shareholders happy as it squares off with Elliott Management, Riverbed ( RVBD -1.2% ) is adding $250M to its buyback program. The program now has available funds of $375M; that's good for repurchasing
Bloomberg reports Riverbed ( RVBD +7.9% ) has rejected "informal, unsolicited expressions of interest approaching $25 a share" from P-E firms including
On a day when Riverbed ( RVBD +6.7% ) officially rejected Elliott Management's $21/share offer for the company, Bloomberg reports Riverbed has received a superior bid. Shares have spiked to the $22 range in response. Post your comment!
In a move that comes as little surprise to investors, Riverbed ( RVBD +0.4% ) has declared Elliott Management's new $21/share offer for the company "undervalues the Company and is not in
Feb 28 (Reuters) - Network gear maker Riverbed Technology Inc rejected Elliott Management's raised bid of $3.36 billion, saying the hedge fund's offer undervalued the company.
Feb 28 (Reuters) - Network gear maker Riverbed Technology Inc rejected Elliott Management's unsolicited bid to buy the company for $3.36 billion, saying the hedge fund's offer undervalued the company.
Three weeks after being named Microsoft's CEO , Satya Nadella has resigned from Riverbed's ( RVBD -2.2% ) board to focus on his new job. Before being appointed CEO, Nadella was Microsoft's enterprise/cloud product chief
Elliott Management's new $21/share offer for Riverbed ( RVBD +4.1% ) amounts to a stalking horse bid meant to drive up the WAN optimization hardware vendor's valuation ahead of a sale
Feb 25 (Reuters) - Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $21 per share from $19 and said it would not increase the offer "in the absence...
Elliott Management has hiked its buyout offer for Riverbed ( RVBD +4.4% ) by $2/share to $21/share. Riverbed, which closed yesterday at $19.85, spiked as high as $21.19 in response