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RIVERBED ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of Riverbed Technology, Inc. to Thoma Bravo, LLC and Teachers' Private Capital
[December 15, 2014]

RIVERBED ALERT: Johnson & Weaver, LLP Investigates the Fairness of Price and Process in Proposed Sale of Riverbed Technology, Inc. to Thoma Bravo, LLC and Teachers' Private Capital


Shareholder Rights Law Firm Johnson & Weaver, LLP is investigating whether members of the board of directors of Riverbed (News - Alert) Technology, Inc. (NASDAQ: RVBD) breached their fiduciary duties in connection with the planned merger of the Company with a group led by private equity investment firm Thoma Bravo, LLC and Teachers' Private Capital. Riverbed Technology provides application performance infrastructure solutions in the United States and internationally.

On December 15, 2014, Riverbed and Thoma Bravo, LLC/Teachers' Private Capital announced that they had entered into a definitive merger agreement. Under the terms of the agreement, Riverbed stockholders will receive $21.00 per share in cash, or a total of approximately $3.6 billion. The proposed transaction is expected to close in the first half of 2015, subject to regulatory approval.

The investigation concerns whether Riverbed's board failed to satisfy their duties to the Companys shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for the Company's shares of common stock. Nationally recognized Johnson & Weaver, which focuses its practice on shareholder rights, is investigating whether the proposed deal price represents adequate consideration, especially given Riverbed's recent success and promise of future growth. Moreover, one Wall Street analyst has a $22.00 price target on the stock which is more than the $21.00 offer price. Earlier this year Riverbed stock traded at $22.76 per share.



If you are a shareholder of Riverbed and believe that the proposed buyout price is too low and you are interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471.

About Johnson & Weaver, LLP:


Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.


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