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Corporate

Jan. 17, 2014

Riverbed rejects $3 billion buyout offer with counsel from Wilson Sonsini

Riverbed Technology, a San Francisco-based networking equipment maker, said Wednesday that it would not accept an unsolicited buyout proposal offered by activist hedge fund Elliot Management Corp.


By Dominic Fracassa


Daily Journal Staff Writer


After a week of tense deliberations, San Francisco-based network equipment maker Riverbed Technology Inc., with counsel from Wilson Sonsini Goodrich & Rosati PC, rejected an unsolicited $3.08 billion takeover offer from activist hedge fund Elliot Management Corp.


Wilson Sonsini partners David J. Segre in Palo Alto and Warren S. de Wied in New York advised Riverbed in the matter, but both decl...

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