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03 May 2010 ,
Written by Dhruv Tanwar
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Tibco Software has said that its Board has authorized a new share repurchase program that allows the company to buy back up to $300 million of its outstanding common stock. The program replaces its previous $300 million program, which had around $27 million still remaining.
Tibco's statement said the company would buy back stock in the open market or via privately negotiated transactions, based on its evaluation of market conditions, stock price and other factors. It clarified that the program does not obligate it to acquire any particular amount of common stock, and could be modified or suspended at any time as it sees fit. |