Network equipment maker Riverbed Technology Inc is currently not weighing a sale, two people with knowledge of the matter said, denying a media report that pushed up the technology company's stock earlier on Wednesday.Bloomberg reported that Riverbed was working with Goldman Sachs Group Inc to consider options including a sale of the company and that it had already attracted informal interest from private equity firms for a leveraged buyout. ().The company's shares jumped 8 percent to $19.04 on the Nasdaq on Wednesday after that report.However, the two sources told Reuters that while Goldman Sachs had been a long time advisor to Riverbed, the bank is currently not working with the company on a potential sale.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals. Shares of GS traded higher by 0.03% or $0.05/share to $162.94. In the past year, the shares have traded as low as $113.88 and as high as $170.00. On average, 3202820 shares of GS exchange hands on a given day and today's volume is recorded at 3398763.
Riverbed Technology, Inc. (Riverbed) has developed solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs). Shares of RVBD traded higher by 8.3% or $1.46/share to $19.04. In the past year, the shares have traded as low as $13.77 and as high as $21.39. On average, 4132070 shares of RVBD exchange hands on a given day and today's volume is recorded at 8042336.
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