|By PR Newswire||
|January 9, 2014 12:37 PM EST||
NEW YORK, Jan. 9, 2014 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Riverbed Technology, Inc. ("Riverbed" or the "Company") (NASDAQ: RVBD) (ISIN: US7685731074) (CUSIP: 768573107) concerning the proposed acquisition of Riverbed by Elliott Associates LP.
The investigation concerns whether the Riverbed directors are breaching their fiduciary duties by failing to adequately shop the Company and maximize shareholder value. Under the terms of the agreement, Riverbed shareholders will receive $19.00 per share in cash for each share of Riverbed common stock. However, the Price to Total Assets multiple is below the average of comparable transactions. In addition, at least one Analyst has set a target price of $20.00 per share for Riverbed stock.
Riverbed shareholders seeking more information about this acquisition are advised to contact Robert Willoughby at [email protected] or 212-661-1100 or 888-476-6529, ext. 237.
The Pomerantz Firm, with offices in New York, Chicago, Florida, and San Diego, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 75 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of defrauded investors. See www.pomerantzlaw.com.
212-661-1100 ext. 237
SOURCE Pomerantz LLP
Oct. 1, 2016 12:15 AM EDT Reads: 1,423
Sep. 30, 2016 11:45 PM EDT Reads: 5,438
Sep. 30, 2016 11:30 PM EDT Reads: 758
Sep. 30, 2016 11:30 PM EDT Reads: 483
Sep. 30, 2016 10:45 PM EDT Reads: 1,537
Sep. 30, 2016 10:45 PM EDT Reads: 505
Sep. 30, 2016 10:00 PM EDT Reads: 1,259
Sep. 30, 2016 09:45 PM EDT Reads: 2,848
Sep. 30, 2016 09:30 PM EDT Reads: 4,120
Sep. 30, 2016 09:00 PM EDT Reads: 2,833
Sep. 30, 2016 09:00 PM EDT Reads: 4,060
Sep. 30, 2016 08:45 PM EDT Reads: 496
Sep. 30, 2016 08:30 PM EDT Reads: 3,199
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
Sep. 30, 2016 08:00 PM EDT Reads: 1,573
What are the new priorities for the connected business? First: businesses need to think differently about the types of connections they will need to make – these span well beyond the traditional app to app into more modern forms of integration including SaaS integrations, mobile integrations, APIs, device integration and Big Data integration. It’s important these are unified together vs. doing them all piecemeal. Second, these types of connections need to be simple to design, adapt and configure...
Sep. 30, 2016 07:30 PM EDT Reads: 570