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.
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 remained unchanged at $18.86. In the past year, the shares have traded as low as $13.77 and as high as $22.76. On average, 2195530 shares of RVBD exchange hands on a given day and today's volume is recorded at 200.
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