NEW YORK, Jan. 8, 2014 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Riverbed Technology, Inc. ("Riverbed" or the "Company") (NASDAQ: RVBD) concerning the proposed acquisition of the Company by Elliott Associates LP ("Elliott")
On January 8, 2014, it was announced that Riverbed had received an acquisition proposal pursuant to the terms of which the Company would be acquired by Elliott. Under the terms of offer, Riverbed shareholders would receive $19 per share in cash.
Our investigation concerns whether the Riverbed board of directors is fulfilling its fiduciary duties, maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Riverbed shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
Benjamin I. Sachs-Michaels, Esq.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
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SOURCE Harwood Feffer LLP