A lawsuit was filed by investor in shares of Riverbed Technology, Inc. (NASDAQ:RVBD) in effort to stop the proposed takeover and NASDAQ:RVBD stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 01/12/2015 --An investor who currently holds shares of Riverbed Technology, Inc. (NASDAQ:RVBD), filed a lawsuit in effort to halt the proposed takeover of Riverbed Technology, Inc. by Thoma Bravo, LLC and Teachers' Private Capital, the private investor department of Ontario Teachers' Pension Plan for $21 per share.

Investors who purchased shares of Riverbed Technology, Inc. (NASDAQ:RVBD) and currently hold any of those NASDAQ:RVBD shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the defendants breached their fiduciary duties owed to NASDAQ:RVBD stockholders by agreeing to sell Riverbed Technology, Inc. too cheaply via an unfair process.

On December 15, 2014, Riverbed Technology (RVBD) announced that it has entered into an agreement to be acquired by private equity investment firm Thoma Bravo, LLC and Teachers' Private Capital, the private investor department of Ontario Teachers' Pension Plan. Under the terms of the agreement, Riverbed Technology, Inc. (NASDAQ:RVBD) stockholders will receive $21.00 per share in cash, or a total of approximately $3.6 billion.

However, the plaintiff claims that the offer is too low and undervalues Riverbed Technology. Indeed, at least one analyst has set the high target price for NASDAQ:RVBD shares at $22 per share and that NASDAQ:RVBD shares reached in march 2011 over $44 per share . Furthermore, Riverbed Technology, Inc. reported that its annual Total Revenue rose from $551.89 million in 2010 to over $1.04 billion in 2013. Shares of Riverbed Technology, Inc. (NASDAQ:RVBD) reached as high as $44.48 per share in March 2011. In addition, the plaintiff claims that the process is also unfair to NASDAQ:RVBD stockholders.

On January 9, 2015, NASDAQ:RVBD shares closed at $20.56 per share

Those who are current investors in Riverbed Technology, Inc. (NASDAQ:RVBD) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com