Riverbed Shareholder Alert – Buyout Of Riverbed Technology, Inc. – National Securities Law Firm Seeks Higher Price For Shareholders. Encourages Shareholders To Contact Law Firm For More Information
December 15, 2014
New York, New York
Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the acquisition of Riverbed Technology, Inc.(NASDAQ: RVBD) (“Riverbed” or the “Company”) on behalf of its shareholders. Riverbed announced that it has entered into an agreement to be acquired by private equity firm Thoma Bravo, LLC and Teachers’ Private Capital. Under the terms of the agreement, Riverbed stockholders will receive $21 per share in cash.
The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors and senior management of Riverbed for not acting in Riverbed shareholders’ best interests in connection with the sale process of Riverbed. The investigation seeks to determine if there was an adequate auction process and if Thoma Bravo is underpaying for Riverbed shares. Indeed, analysts have projected that the true going forward inherent value of the Company is worth at least $22 per share, and the stock hit a high of $22.76 per share earlier this year. The investigation further concerns whether the senior management of Riverbed may have acted in their own self-interests in selling the company to Thoma Bravo. Indeed, Riverbed CEO Jerry Kennelly will remain with the Company in the same capacity.
If you are a shareholder of Riverbed and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us toll free at 1-800-511-7037 or contact us via our website.
Tripp Levy PLLC represents individual and institutional shareholders and, along with its affiliate, has recovered billions of dollars for shareholders in similar actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the “50 Elite Trial Lawyer Firms” and one of the “50 Leading Plaintiff Firms in America.” Attorney advertising. Prior results do not indicate a similar outcome.