Riverbed CEO seems much more willing to consider sale, says MKM Partners
After Riverbed's Q4 guidance missed expectations, MKM Partners said its talks with Chairman and CEO Jerry Kennelly made it seem that he is "much more willing" now to consider strategic options. MKM believes Riverbed is worth more as a private company and foresees its strategic review most likely leading to a sale to a pe firm, possibly in the $20-$24 range. The firm maintains its Neutral rating and $21 price target on Riverbed.
ELLIOT FIRE HIM
shareholders own this company
As of December 31, 2013, total compensation cost related to stock options granted to employees and directors not yet recognized was $47.6 million, net of estimated forfeitures. This cost will be recognized on a straight-line basis over the remaining weighted-average service period of 3.6 years.
he is a true fatcat