[Reuters] Hedge fund Elliott offers to buy Riverbed, higher bid expected

Posted by: UGN Security

[Reuters] Hedge fund Elliott offers to buy Riverbed, higher bid expected - 01/08/14 10:42 AM

(Reuters) - Activist hedge fund Elliott Management Corp offered to buy Riverbed Technology Inc for about $3.08 billion in cash, a move analysts said was likely to trigger higher bids for the network equipment maker.