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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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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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