Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

News Archive

Read More Industry News >

Elliott Manages Increases Offer to Purchase Riverbed

Feb 25, 2014
Jing Chen

Hedge fund firm Elliott Management has raised its offer to buy network gear maker Riverbed Technology.

Reuters reported that New York-based Elliott is now offering $3.36 billion for Riverbed--which equals to approximately $21 per share—from its previous $3.08 billion proposal. Riverbed’s stock rose 7% after the announcement on Tuesday.

The article added that Riverbed rejected Elliott’s previous offer of $19 a share on January 15, however the hedge fund stated to the new outlet that it will not increase its bid again.

Founded by Paul Singer in 1977, Elliott has an approximate 10.5% stake in New York-based Riverbed. It currently manages about $21 billion in assets.

Read More Industry News >


Want to subscribe?

Join 15,000+ of your colleagues to receive daily hedge fund news from the definitive source in traditional and hedge fund data.

Subscribe Now


Hedge Fund Journal Reviews eVestment's Hedge Fund Database

July, 2012

Read More