Riverbed Enters Bidding War Against Hewlett-Packard

Riverbed Technology (NASDAQ: RVBD) shares are rising today on reports that the company is in negotiations to buy Radware (NASDAQ: RDWR) for $47 per share. Rival Hewlett-Packard (NYSE: HPQ) reportedly has offered $45 per share for RDWR. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RVBD.

RVBD opened this morning at $35.50. So far today the stock has hit a low of $34.58 and a high of $36.91. As of 12:20, RVBD is trading at $34.99 up 0.17 (0.5%). The chart for RVBD looks neutral and S&P gives RVBD a neutral 3 STARS (out of 5) hold ranking.

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