Mergers & Acquisitions
Riverbed chairman and chief executive Jerry M Kennelly said Elliot Management39s 31 billion bid undervalued the company
Mergers & AcquisitionsRiverbed Nixes Elliott’s $3.1B Buyout Bid, Expects Big Q4 ResultsRiverbed Nixes Elliott’s $3.1B Buyout Bid, Expects Big Q4 Results
WAN optimization provider Riverbed Technology (RVBD) nixed an unsolicited $3.08 billion bid from activist investor and 10.5 percent shareholder Elliott Management, saying the offer undervalued the company.
byDH Kass