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TMCNet:  RIVERBED TECHNOLOGY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout Proposal

[January 08, 2014]

RIVERBED TECHNOLOGY, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Buyout Proposal

WILMINGTON, Del. --(Business Wire)--

Rigrodsky & Long, P.A.:

  • Do you own shares of Riverbed (News - Alert) Technology, Inc. (NASDAQ GS: RVBD)?
  • Did you purchase any of your shares prior to January 8, 2014?
  • Do you think the proposed buyout price is too low?
  • Do you want to discuss your rights?

Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Riverbed Technology, Inc. ("Riverbed" or the "Company") (NASDAQ GS: RVBD) regarding possible breaches of fiduciary duties and other violations of law related to the Company's receipt of a proposal to be acquired by Elliott Associates, L.P. ("Elliott"), in a transaction valued at approximately $3 billion.

lick here to learn more: http://www.rigrodskylong.com/investigations/riverbed-technology-inc-rvbd-proposal.


Under the terms of the proposal, public shareholders of Riverbed would receive $19.00 per share in cash for each share of Riverbed they own.

The investigation concerns the Riverbed's board of directors' process for consideration of the proposed transaction, whether the Company is acting in its shareholders' best interests and whether the proposed consideration to be paid to Riverbed's shareholders would be fair and adequate. According to Yahoo! Finance, at least one analyst has set a price target for Riverbed stock at $24.00 per share.

If you own the common stock of Riverbed and purchased your shares before January 8, 2014, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530, by telephone at (888) 969-4242; by e-mail to info@rl-legal.com, or at: http://www.rigrodskylong.com/investigations/riverbed-technology-inc-rvbd-proposal.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.

Attorney advertising. Prior results do not guarantee a similar outcome.


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