Elliott Repeats Riverbed Offer

Elliott Repeats $3.36B Offer for Riverbed

Elliott Management, the management affiliate of US hedge funds Elliott Associates L.P., repeated its $3.36 billion offer for network gear maker Riverbed Technology Inc.

Elliott Management is saying it remained "extremely interested" in acquiring the company.

Riverbed rejected Elliott Management's raised bid in February, saying the offer undervalued the company.

Elliott has said it could raise its offer of $21 per share if allowed access to Riverbed's books.

Source: Reuters

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