The Latest in IT Security

Hedge fund Elliott offers to buy Riverbed, higher bid expected

09
Jan
2014

Activist hedge fund Elliott Management Corp offered to buy network equipment maker Riverbed Technology Inc for about $3.08 billion in cash, an offer analysts said was likely to be a precursor to a higher bid. Riverbed shares rose as much as 14 percent to $20.29 on Wednesday, above Elliott’s offer price of $19 per share. Gabelli & Co analyst Hendi Susanto said the offer was below his valuation of $25 per share for Riverbed, based on 14 times 2014 earnings. Elliott affiliates said in November that Riverbed was significantly undervalued and should consider a strategic review.

Comments are closed.

Categories

SUNDAY, JANUARY 24, 2021
WHITE PAPERS

Mission-Critical Broadband – Why Governments Should Partner with Commercial Operators:
Many governments embrace mobile network operator (MNO) networks as ...

ARA at Scale: How to Choose a Solution That Grows With Your Needs:
Application release automation (ARA) tools enable best practices in...

The Multi-Model Database:
Part of the “new normal” where data and cloud applications are ...

Featured

Archives

Latest Comments