Bloomberg: Riverbed receives offer topping Elliott's bid


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.

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Comments (3)
  • wil3714
    , contributor
    Comments (2334) | Send Message
     
    Under $25 wont cut it
    28 Feb 2014, 04:17 PM Reply Like
  • Manxbuilder
    , contributor
    Comments (244) | Send Message
     
    It traded at 29 at one time and the company is better off now than then.
    28 Feb 2014, 04:57 PM Reply Like
  • wil3714
    , contributor
    Comments (2334) | Send Message
     
    The acquisition they made hasnt panned out
    28 Feb 2014, 06:06 PM Reply Like
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