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RVBD's Buy Out!

posted Jan 10, 2014, 12:56 AM by Mohit Kumar
RVBD shot up recently after activist hedge fund Elliott Management Corp. offered to buy the networking gear maker for about $3 billion! The offer values Riverbed at $19 per share, but the stock already trades over $19 in anticipation of higher bids. We are happy as both our open positions are now profitable at 18% and 5% respectively. Congratulations! For now we sit on the sidelines and watch, and may choose to close the position in near future.

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