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Hedge fund Elliott Management offers to acquire Riverbed Technology for $3.08 billion, hoping to spark a bidding war for the computer-network company. Elliott, owning a 10.5% stake in Riverbed, offers $19 per share, a 6.4% premium over the previous day's closing price. The bid aims to trigger higher offers, as the stock traded at $21 a year ago.
Tuesday, 7 January, 2014