UPDATE: Elliott: Riverbed (RVBD) Buyback Evidence of 'Board's Entrenchment'

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Go back to UPDATE: Elliott: Riverbed (RVBD) Buyback Evidence of 'Board's Entrenchment'

Riverbed (RVBD) Adds $250M to Buyback Plan

March 4, 2014 8:33 AM EST

Riverbed Technology, Inc. (Nasdaq: RVBD) announced that its board of directors approved a $250 million increase to the companys share repurchase program first announced August 19, 2011. The total authorized repurchase amount under the program is now $750 million.

We believe the current share price understates... More