Riverbed Technology (RVBD) announced on Monday that it will acquire OPNET technologies (OPNT). Riverbed will pay $43 per share for the company, in a deal net valuing the firm at $921 million. The offer represents a 34.0% premium compared to Friday's closing price of $32.10 per share.
The Deal
Riverbed Technology announced that it will acquire OPNET Technologies, a leading provider of solutions for application and network performance management. Riverbed will pay $43 per share in cash and shares, valuing the firm at $1 billion. Shareholders in OPNET will receive $36.55 in cash and 0.2774 shares in Riverbed for every share they currently own. Shares of OPNET reached all time highs of $48 last year.
Read the entire article on Seekingalpha by clicking the following link
No comments:
Post a Comment