Elliott and JANA are set to gain on the buyouts of Riverbed and PetSmart that they pushed for.» Read More
Informatica shares closed $2.61 higher on Monday, up 6.8 percent, at $41.04 per share. Informatica, which is based in Redwood City, California, competes in the middleware software market with Tibco, a company that went private in September in a $4.3 billion sale to Vista Equity. It has pushed for changes or a sale at enterprise technology companies such as EMC Corp,...
RIVERBED TO BE TAKEN PRIVATE IN $3.6 BLN DEAL@. Dec 15- Thoma Bravo LLC and Ontario Teachers' Pension Plan said they would buy network equipment maker Riverbed Technology Inc in a deal that valued the company at about $3.6 billion. Bain Capital, Hellman& Friedman and Thoma Bravo were among the private equity firms vying for Riverbed, Reuters reported last month...
Oct 23- Network gear maker Juniper Networks Inc forecast weaker-than-expected profit and revenue for the current quarter as telecom operators, its main customers, postpone spending until the dust settles on several big mergers. Two of Juniper's largest customers, AT&T Inc and Sprint Corp, are taking time to decide whether to upgrade existing wired networks...
Oct 9- Riverbed Technology Inc said it would review strategic options and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The hedge fund, headed by billionaire Paul Singer, has been making repeated offers to buy Riverbed since January and its latest...
Oct 9- Riverbed Technology Inc said it would review its alternatives and started a restructuring program to cut costs, three days after activist investor Elliott Management reaffirmed its offer to buy the network equipment maker. The company's stock rose 3.5 percent to $18.72 in premarket trading on Thursday. The restructuring plan was aimed at reducing...
Boston, Sept 11- EMC Corp plans to keep its majority stake in software maker VMware Inc despite pressure from activist hedge fund Elliott Management, a person familiar with EMC's thinking told Reuters on Thursday.
Sept 11- Data storage products maker EMC Corp has decided to explore selling its stake in its software unit, VMware Inc, giving into pressure from Paul Singer- run activist hedge fund Elliott Management Corp, the New York Post reported, citing sources familiar with the matter.
The CNBC RQ 50 identifies companies that don't just spend big on R&D, but spend right, creating return on innovation for shareholders.
Some of Monday's midday movers:
Take a look at some of Tuesday's midday movers:
Check out which companies are making headlines after the bell Tuesday: Twitter, eBay, Costco
Some of Tuesday's midday movers:
Some of Tuesday's midday movers:
Some of Friday's midday movers:
Elliott Management Corp. is getting more aggressive in its bid for Riverbed Technology with a new offer of $21 a share.
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.
Some of Wednesday's midday movers:
CNBC's Jim Cramer says Intel's recent focus on mobile and wearable tech will help the company survive a weak PC market.
Paul Singer's Elliott Management Corp. is flexing its activist muscles this week and has plans for much more in 2014.
Riverbed Technology, the enterprise tech company that Elliott Management offered to buy Wednesday for $19 a share, wants more time to think.