RVBD's Buy Out!
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.