Riverbed Gets Buyout Interest Above Elliott Offer

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Feb. 28 (Bloomberg) –- Bloomberg’s Alix Steel reports on Riverbed Technology receiving buyout interest from Private Equity firms above the $21 a share offer it rejected from Elliott Management Corp. She speaks to Trish Regan and Julie Hyman on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

Interest from private equity firms kkr and silver lake.

This sets up a bidding war, perhaps, for riverbed.

Elliott management just this week raised its bid for the technology company, $3.36 billion.

That came up to $21 a share.

The company was not happy with the bid.

Reportedly, silver lake and kkr are interested in riverbed and that there will be interest above that $21 a share.

We are seeing riverbed technology, to a session high.

We will be right back with more.


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