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Riverbed Technology Inc. (RVBD) Is Up Sharply After Going Private Transaction

Riverbed Technology Inc. (RVBD) announced Monday morning that it agreed to be acquired by Thoma Bravo LLC and Ontario Teachers' Pension Plan for about $3.6 billion.

Riverbed Technology gapped open sharply higher this morning, but has been moving in a narrow range since the open. The stock is now up 1.75 at $20.49 on the highest volume in 11 months. Riverbed Technology has jumped to nearly a 2-week high.

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