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Thoma Bravo to take Riverbed private for USD 3.6 bln

2014-12-15 17:56:00| Telecompaper Headlines

(Telecompaper) Private equity firm Thoma Bravo has agreed to buy Riverbed Technology for USD 3.6 billion. The investor is working with Teachers' Private Capital, the private investor department of Ontario Teachers Pension Plan, on the acquisition. Riverbed stockholders will receive USD 21.00 per share in cash, or 12 percent more than the closing price the last trading day before the deal was announced. Riverbed's board approved the deal, after starting a strategic review of the company's financial options already in October under pressure from shareholders. The company said Thoma Bravo's support will help take the application performance specialist to the next level of growth. Riverbed CEO Jerry Kennelly will remain with the company in the same capacity. The sale is expected to close in the first half of 2015, subject to approval by Riverbed stockholders and regulatory approvals. 

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Temporary Private Storage Aid for Pigmeat Needed in EU

2014-12-15 01:00:00| ThePigSite - Industry News

EU - Cold stores on the continent continue to fill, as domestic and export demand prove insufficient to offset Russia's damaging imports embargo.

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Private investors scramble for pre-orders of Cheil Industries IPO

2014-12-12 04:37:26| Chemicals - Topix.net

What is currently a 100-to-1 competition to buy shares could swell in size by the end of the day. The race is on to own shares of Cheil Industries, the de facto holding firm of Samsung Group, which will be listed next Thursday.

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Comcast sued for turning private home routers into public hotspots

2014-12-10 20:45:37| Extremetech

Comcast's new plan to use your Internet bandwidth for its own WiFi network is under fire in the courts thanks to a new lawsuit. Whether the company's actions are legal will hinge on customer consent and socialized cost.

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Product Launch - Diageo's John Walker & Sons Private Collection 2015

2014-12-09 17:10:00| Daily beverage news and comment - from just-drinks.com

Diageo is to launch a second Private Collection edition under its John Walker & Sons brand.

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