WILMINGTON, Del., Dec. 23, 2014 (GLOBE NEWSWIRE) -- Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, announced today that a class action lawsuit has been filed by another law firm on behalf of stockholders of Riverbed Technology, Inc. (Nasdaq:RVBD) ("Riverbed" or the "Company") seeking to challenge the Company's recently announced merger.
If you would like to join the class action, please visit our website or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
On December 15, 2014, Riverbed and private equity firm Thoma Bravo LLC ("Thoma Bravo") announced the signing of a definitive merger agreement pursuant to which Thoma Bravo will acquire Riverbed in a buyout worth $3.6 billion. As a result of the buyout, Riverbed shareholders are only anticipated to receive $21.00 per share in cash in exchange for each share of Riverbed. Following the merger, Riverbed shareholders are expected to receive inadequate consideration that does currently reflect the Company's value. In fact, analysts at Thompson/First Call have already projected that the true going forward inherent value of the Company is worth at least $22 per share, and the stock hit a high of $22.76 per share earlier this year.
On December 19, 2014, a Riverbed shareholder represented by another law firm filed a class action complaint challenging Riverbed's merger with Thoma Bravo and seeks additional consideration in light of above-mentioned information. The complaint was filed in the Delaware Court of Chancery, Case No. 10484.
If you own shares of Riverbed and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/RVBD or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates.
Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.