Riverbed Technology Inc. has received no “credible” bids from buyout firms and shouldn’t have been targeted by activist shareholders, Chief Executive Officer and Chairman Jerry Kennelly said in an interview.
EBay Inc. Director Marc Andreessen struck back at activist investor Carl Icahn, who has accused the venture capitalist of conflicts of interest for his role in the company’s sale of videoconferencing service Skype.
Riverbed Technology Inc., the network-equipment maker being pushed to sell itself by an activist investor, has received interest from private-equity firms above the $21 a share offer it rejected yesterday, people with knowledge of the situation said.
Activist investor Carl Icahn, who last month proposed that EBay Inc. spin off its PayPal unit and nominated two employees to the board, criticized the online marketplace for “lapses” in corporate governance and asked shareholders to vote in favor of the split.
Silver Lake Management LLC, the biggest technology-focused private-equity firm, abandoned a plan for a second $1 billion fund at its middle-market unit because two managing directors are reducing their roles at the division.
Natural Gas Partners, part of an investment firm backed by Carlyle Group LP, is preparing to seek $4.5 billion for a private-equity fund after co-founder David Albin scaled back his role as part of succession planning, two people familiar with the matter said.
Michael Dell is extending a lucrative relationship reaching back to the late 1990s with his pick of Silver Lake Management LLC, the largest technology-focused private-equity firm, to pursue a $24.4 billion leveraged buyout of his computer company.
When Ken Duberstein’s secretary told him Michael Dell was on the phone on the afternoon of July 31, there was little doubt about the topic. That morning, Dell Inc.’s special board committee had rejected the latest offer from Dell to take the personal-computer company private, a battle that was dragging into its 11th month.
Ben S. Bernanke arrived at the Brookings Institution to begin the next chapter in his professional life, the first workday after ending an eight-year term leading the Federal Reserve through crisis and recession.