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,