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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.

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 billion market capitalization, in a 13D

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