Elliott Takes Activist Stake in Riverbed Technology

Paul Singer’s New York–based hedge fund firm has urged the tech company’s board to take steps to boost its stock price.

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Paul Singer’s New York–based hedge fund firm, Elliott Management, has taken its first new activist stake in a U.S. company this year, scooping up a 10.4 percent stake in network equipment maker Riverbed Technology.

Elliott disclosed its stake in the company, which had a $2.5

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