Hedge Fund News From HedgeCo.Net

Riverbed on Elliott proposal: We’ll think about it

CNBC – Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think.

“Riverbed’s Board will review the offer and communicate its views in due course,” Riverbed said in a statement responding to a letter sent earlier Wednesday by the hedge fund firm.

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