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Riverbed Technology Inc

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  • April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc after being rebuffed twice, saying it remained "extremely interested" in acquiring the company. The stock had touched a high of $22.76 in February after Elliot raised its initial bid by $2 to $21 per share.

  • April 15- Hedge fund Elliott Management reaffirmed its $3.36 billion offer for network gear maker Riverbed Technology Inc, saying it remained "extremely interested" in acquiring the company. Riverbed rejected Elliott Management's raised bid in February, saying the offer undervalued the company.

  • Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's raised bid of $3.36 billion, saying the hedge fund's offer undervalued the company. Elliott on Tuesday increased its offer by $2 to $21 per share and said it could raise the bid if allowed access to Riverbed's books for due diligence. Goldman, Sachs& Co is advising Riverbed.

  • Riverbed rejects Elliott's unsolicited takeover bid Friday, 28 Feb 2014 | 8:46 AM ET

    Feb 28- Network gear maker Riverbed Technology Inc rejected Elliott Management's unsolicited bid to buy the company for $3.36 billion, saying the hedge fund's offer undervalued the company.

  • *Raises offer to $21 per share from $19 per share. *Co could get offers worth $24 to $25 per share-analyst. Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc by 9 percent to $3.36 billion and said the company had ignored offers from other potential buyers.

  • Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $3.36 billion from $3.08 billion and said it was aware of other potential buyers that Riverbed had so far ignored. The new offer of $21 per share represents a 5.8 percent premium to the stock's closing price of $19.85 on Monday.

  • Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $21 per share from $19 and said it would not increase the offer "in the absence of private diligence". The new offer values Riverbed at about $3.36 billion. The company rejected the earlier $3.08 billion offer on Jan. 15.

  • Elliot raises offer for Riverbed to $21 per share Tuesday, 25 Feb 2014 | 1:01 PM ET

    Feb 25- Hedge fund Elliott Management increased its offer for network gear maker Riverbed Technology Inc to $21 per share from $19 and said it would not increase the offer "in the absence of private diligence". The new offer values Riverbed at about $3.36 billion. The company rejected the earlier $3.08 billion offer on Jan. 15.

  • In the past two weeks, Juniper's peers Riverbed Technology Inc and F5 Networks Inc have forecast current-quarter revenue above Wall Street estimates. Juniper forecast first-quarter adjusted profit of 27 cents to 30 cents on revenue of $1.12 billion to $1.16 billion.

  • Cramer: This market chock full of surprises Wednesday, 15 Jan 2014 | 6:01 PM ET

    You could almost hear the bulls cheering on Wall Street as the S&P pared 2014 losses and then closed at an all time high.

  • Midday movers: Apple, Netflix & More Wednesday, 15 Jan 2014 | 12:55 PM ET

    Some of Wednesday's midday movers:

  • Jan 15- Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion offer, increasing pressure on the network gear maker to deliver on its turnaround plans.

  • UPDATE 1-Riverbed rejects Elliott's buyout offer Wednesday, 15 Jan 2014 | 9:12 AM ET

    Jan 15- Network gear maker Riverbed Technology Inc rejected hedge fund Elliott Management Corp's $3.08 billion takeover offer and estimated fourth-quarter results above expectations. Riverbed forecast first-quarter revenue of $262 million- $268 million, above analysts' view of $258.5 million.

  • Riverbed rejects Elliott's buyout offer Wednesday, 15 Jan 2014 | 8:40 AM ET

    Jan 15- Riverbed Technology Inc on Wednesday rejected Elliott Management Corp's proposal to buy the company for $19 per share.

  • Riverbed estimates 4th-qtr results above estimates Wednesday, 15 Jan 2014 | 8:37 AM ET

    Jan 15- Network-gear maker Riverbed Technology Inc estimated fourth-quarter results above analysts' estimates. The company, which has received a $3.08 billion takeover offer from Elliott Management Corp, said it expects fourth-quarter adjusted earnings of 30- 31 cents per share on revenue of $284 million to $285 million.

  • Cramer: Chips falling the right way for Intel Tuesday, 14 Jan 2014 | 1:35 PM ET

    CNBC's Jim Cramer says Intel's recent focus on mobile and wearable tech will help the company survive a weak PC market.

  • Hedge fund ratchets up activism with tech demands Tuesday, 14 Jan 2014 | 1:25 PM ET
    Paul Singer, founder and president of Elliott Management Corp.

    Paul Singer's Elliott Management Corp. is flexing its activist muscles this week and has plans for much more in 2014.

  • Jan 13- Hedge fund Elliott Management Corp urged network equipment maker Juniper Networks Inc to buy back shares, start paying a dividend and consider slimming down, less than a week after it offered to buy Juniper's rival, Riverbed Technology. The stock has been stuck in the $20 range for two years, a far cry from the high of $228.50 it hit during the dotcom boom.

  • Jan 13- Juniper Networks Inc shareholder Elliott Management Corp urged the network equipment maker to buy back shares, cut costs and consider exiting some businesses to boost shareholder value. Juniper shares rose 10 percent to $25.95, their highest in more than two years, in early trading on the New York Stock Exchange on Monday.

  • Riverbed to hedgie Elliott: We'll think about it Wednesday, 8 Jan 2014 | 3:35 PM ET

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

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