HP and Riverbed May Be Bidding for Radware

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Riverbed joins chase for Radware

Riverbed Technology Inc. has entered the race against Hewlett Packard Co., which, as Globes was the first to report, is still in talks to acquire Radware. The bidding by the two companies is around $47 per share, reflecting a company value for Radware of $900 million to $1 billion, a 45% premium on its current market cap. Radware’s share rose 19.1% at the opening on Nasdaq to $39.03, giving a market cap of $745 million.