Deals
Riverbed Plunges After Deal to Buy Opnet for Network Gear
This article is for subscribers only.
Riverbed Technology Inc. fell the most in six months after the company agreed to buy Opnet Technologies Inc. to expand its offerings to help businesses manage computer networks.
Shares of Riverbed retreated 18 percent to $18.47 at the close in New York, while Opnet advanced 31 percent to $42.05. Opnet investors will get about $43 a share, made up of $36.55 in cash and 0.2774 Riverbed shares, in a transaction with an equity value of $1 billion, the companies said in a statement on Oct.