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.
Russian President Vladimir Putin and German Chancellor Angela Merkel had had a few fights and used strong language because of the Ukrainian crisis in 2014