Seeking Alpha

More on Riverbed: Informal offers reportedly approach $25/share

  • Bloomberg reports Riverbed (RVBD +7.9%) has rejected "informal, unsolicited expressions of interest approaching $25 a share" from P-E firms including Silver Lake, Thoma Bravo, and KKR.
  • Credit Suisse, Jefferies, and other banks are said to be talking with the P-E firms about providing financing that would pay for half of the purchase price.
  • The reported offer prices are well below the levels Riverbed traded at in late 2010/early 2011. But they're also above the levels shares have traded at since mid-2012.
  • Previous: Riverbed reportedly receives offers topping Elliott's bid
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