TIBCO Announces $300 Million Buyback
TIBCO Announces $300 Million Buyback
TUCON(TM) , SAN FRANCISCO, May 1 /-- TIBCO is announcing board approval of a stock repurchase program pursuant to which it may repurchase up to $300 million of its outstanding common stock on the open market or through privately negotiated transactions, including structured or accelerated transactions. This amount replaces the approximately $58 million remaining under a previously approved stock repurchase program. The timing and amount of any repurchases will depend on market conditions and other corporate considerations.
"This share repurchase program reflects but one part of our overall, long- term intent to continue to optimize our capital structure as we grow and evolve as a company," said Murray Rode, chief financial officer and executive vice president, Strategic Operations, TIBCO.
About TIBCO
TIBCO Software Inc. (NASDAQ:TIBX) provides enterprise software that helps companies achieve service-oriented architecture (SOA) and business process management (BPM) success. With over 3,000 customers, TIBCO has given leading organizations around the world better awareness and agility - what TIBCO calls The Power of Now®. To learn more, contact TIBCO at +1 650-846-1000 or on the Web at www.tibco.com.
TIBCO, The Power of Now, and TIBCO Software are trademarks or registered trademarks of TIBCO Software Inc. in the United States and/or other countries. All other product and company names and marks mentioned in this document are the property of their respective owners and are mentioned for identification purposes only.
Source: TIBCO Software Inc.
Web site: www.tibco.com/
