Market Overview

Elliott Offers to Acquire Riverbed for $19.00 Per Share in Cash

Elliott Management today sent a letter to the
Board of Directors of Riverbed Technology (NASDAQ: RVBD) offering to
acquire all of the outstanding shares of common stock of Riverbed for a
price of $19.00 per share in cash.

Elliott, affiliates of which collectively own or have economic exposure
to approximately 10.5% of the common stock and equivalents of Riverbed
Technology, Inc., is a multi-strategy investment firm with deep
experience investing in public and private companies.

Full text of the letter follows:

“January 8, 2014

Riverbed Technology, Inc.199 Fremont StreetSan Francisco,
California 94105Attn:

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

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