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

|About: Riverbed Technology, Inc. (RVBD)|By:, SA News Editor

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.

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