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Stock Market & Financial Investment News

News Breaks
June 4, 2014
06:13 EDTTIBXTIBCO downgraded to Market Perform from Outperform at JMP Securities
JMP Securities downgraded TIBCO citing the weak Q2 outlook. Note that Mizuho also downgraded shares this morning.
News For TIBX From The Last 14 Days
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August 13, 2014
08:04 EDTTIBXTIBCO holder Praesidium urges company to conduct formal sale process
Praesidium Investment Management, which beneficially owns approximately 5.4M shares of TIBCO Software, announced last night that it sent a letter to TIBCO's Board of Directors, in which it stated in part: "We were happy to read in the Wall Street Journal that TIBCO Software has started to reach out to potential acquirers. We support the Company's exploration of a potential sale as a way to maximize shareholder value. However, the article states that the talks are not part of a formal process and are being spearheaded by TIBCO's CEO, Vivek Ranadive. We strongly believe that a rigorous, formal process is required in order for the Board to make a fully informed decision in good faith regarding whether a sale, a stand-alone strategy or another alternative is in the best interests of the Company's shareholders. In order to avoid conflicts of interest, we think that it is imperative that the Board form a special committee of independent directors and that the special committee engage with an investment bank and legal advisors...We believe the Board has an opportunity to create a significant amount of value for shareholders through a formal and well run sales process. Praesidium, as a large, long-term TIBCO shareholder, would be more than willing to assist the special committee in pursuit of maximizing value for TIBCO shareholders. We intend to provide the Board our analysis and views on who we see as the potential strategic acquirers and how TIBCO's products would fit with each."
August 11, 2014
11:21 EDTTIBXTIBCO management to meet with JMP Securities
Meeting to be held in Palo Alto, CA on August 14 hosted by JMP Securities.
August 7, 2014
10:51 EDTTIBXOptions with increasing implied volatility
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August 6, 2014
15:26 EDTTIBXTIBCO makes informal approach to potential suitors, WSJ says
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14:54 EDTTIBXTIBCO sum-of-parts valuation worth $25-$30, says UBS
14:16 EDTTIBXTIBCO jumps 5% to $20.28 after Dow Jones says company seeks suitors
14:15 EDTTIBXTIBCO seeks potential buyers, has contacted PE firms, DJ says
Dow Jones cites sources.

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