Wednesday, 1 October 2014
Last updated 23 min ago
Apr 15 2014 | 10:49am ET
A month after Riverbed Technology rejected its richer offer, Elliott Management is standing pat—for now.
The hedge fund said it remained "extremely interested" in buying the networking equipment maker. But it stuck to the $3.36 billion offer it made in February, and that Riverbed rejected as too low last month.
Elliott said it would consider another increase in the $21 per share offer, but only if it is given access to Riverbed's books. In March, Elliott criticized the company for refusing to allow potential buyers to do due diligence.
"Shareholders clearly still expect that the board will eventually do the right thing by engaging with Elliott and other potential buyers, but unfortunately our repeated requests for access to diligence materials have been ignored," Elliott's Jesse Cohn said.
Elliott owns about 10.5% of Riverbed.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
High frequency trading is not evil, it is not a conspiracy and it really is not new; it is the natural evolution of the professional trading community making markets, providing liquidity and hopefully...