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What: Shares of Blue Coat Systems
So what: The terms of the agreement prohibit Elliott from taking action in Blue Coat's stock until Oct. 25. In exchange, the firm will be granted access to the board of directors for the purposes of discussing possible merger or acquisition ideas. Or at least that's how the otherwise impenetrable legalese of this SEC filing reads to this Fool.
Now what: Could Blue Coat be entertaining buyout offers? Eric Savitz at Forbes suggests precisely that outcome here, and I think he's right. Cisco
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