Seeking Alpha

Riverbed slumps; dealReporter's sources suggest buyers cautious

Sources tell dealReporter would-be Riverbed (RVBD -2.6%) are nervous about making a bid on account of the company's recent performance.

Shares have dipped on the report, but remain soundly above Elliott Associates' $19/share offer price. Riverbed rejected Elliott's offer, which may amount to an initial gambit, as inadequate, and has pre-announced strong Q4 results.

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