TIBCO Software Announces $300 Million Share Repurchase Program
PALO ALTO, CA -- (Marketwired) -- 04/26/13 -- TIBCO Software Inc.
(NASDAQ: TIBX) today announced that its Board of Directors has
authorized a share repurchase program pursuant to which the company
may repurchase up to $300 million of its outstanding common stock.
This program refreshes the company's previous $300 million share
repurchase program, under which approximately $75.8 million was still
The repurchases under the program will be made in open market or
privately negotiated transactions. The manner, timing and amount of
any repurchases will be determined by the company based on an
evaluation of market conditions, stock price and other factors. The
program does not obligate TIBCO to acquire any particular amount of
common stock, and it may be modified or suspended at any time at
TIBCO Software Inc. (NASDAQ: TIBX) is a provider of
infrastructure software for companies to use on-premise or as part of
cloud computing environments. Whether it's optimizing claims,
processing trades, cross-selling products based on real-time customer
behavior, or averting a crisis before it happens, TIBCO provides
companies the two-second advantage(R) -- the ability to capture the
right information at the right time and act on it preemptively for a
competitive advantage. More than 4,000 customers worldwide rely on
TIBCO to manage information, decisions, processes and applications in
real time. Learn more at www.tibco.com.
TIBCO, two-second advantage 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.
Legal Notice Regarding Forward-Looking Statements
contains forward-looking statements within the meaning of the "safe
harbor" provisions of the federal securities laws. TIBCO's intentions
with regard to the share repurchase program may be affected by a
number of factors which include the market price of TIBCO's stock,
general business and market conditions, and management's
determination of alternative needs and uses of TIBCO's cash
resources. Additional information regarding potential risks is
provided in TIBCO's filings with the SEC, including its most recent
Annual Report on Form 10-K for the year ended November 30, 2012 and
Quarterly Report on Form 10-Q for the quarter ended March 3, 2013.
TIBCO assumes no obligation to update the forward-looking statements
included in this release.
TIBCO Software Inc.
TIBCO Software Inc.
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