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Thoma Bravo to take Riverbed private for USD 3.6 bln

Monday 15 December 2014 | 17:56 CET | News
Private equity firm Thoma Bravo has agreed to buy Riverbed Technology for USD 3.6 billion. The investor is working with Teachers' Private Capital, the private investor department of Ontario Teachers Pension Plan, on the acquisition. Riverbed stockholders will receive USD 21.00 per share in cash, or 12 percent more than the closing price the last trading day before the deal was announced. Riverbed's board approved the deal, after starting a strategic review of the company's financial options already in October under pressure from shareholders. The company said Thoma Bravo's support will help

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Categories: Fixed
Companies: Riverbed Technology
Countries: World
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