Source Pravda.Ru

Packeteer Inc rejects bid offered by Elliott Associates LP

Hedge fund Elliott Associates LP received Tuesday a buyout bid rejection from Packeteer Inc.

Elliott Associates offered $200.8 million that was 42.5 percent more than Packeteer’s closing stock price of $3.86 per share.

“A certainly good price for Packeteer” is shaded by the company’s interest in offers made by other parties.

Elliott Associates is still interested in Packeteer Inc and remains prepared to negotiate a consensual deal.

Photo: www.answers.com

Comments
USA will seize Kuril Islands immediately if Russia delivers them to Japan
German experts name Russia's most dangerous weapon
Report about USSR's unique lunar mission declassified
Europeans say what puzzles them in Russia most
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
The Green Africa project
Can Russia perform under Soviet flag during 2018 Winter Olympics?
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
The Green Africa project
Report about USSR's unique lunar mission declassified
Keys to understanding the world from Feminism - Science and Feminism
Sheep disrupt the work of US missile defences in Romania
Sheep disrupt the work of US missile defences in Romania
Russia strongly opposed to reinstating death penalty
Russia's new torpedo carrying 100-megaton nuclear warhead nullifies USA's Prompt Global Strike
Can Russia perform under Soviet flag during 2018 Winter Olympics?
What lies beneath Iran protests