Elliott Management Corp., a hedge fund run by activist investor Paul Singer, has made an offer to acquire network equipment maker Riverbed Technology Inc. for $3.08 billion. Riverbed was reportedly working with Goldman Sachs Group Inc. in November on a potential sale.
Elliott Management Corp
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Celesio's supervisory and management board on Wednesday recommended shareholders to approve the $8.3 billion buyout offer from US drug distributor McKesson Corp. Elliott Management Corp, one of Celesio's shareholders, earlier refused McKesson's offer.
Paul Singer's Elliott Management Corp increased its shareholdings in German drug distribution firm Celesio AG.
According to sources, Compuware revamped its efforts to sell itself by looking for new buyout firms.
Hess Corp started the sale of its oil terminal as the company seeks to receive US$1 billion for the asset.
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