- dealReporter observes a recent change in Tibco's (TIBX +1.9%) bylaws makes it easier for an activist investor to obtain board seats.
- Interestingly, the move comes after one very prominent activist investor, Dan Loeb, exited a Tibco position that once stood at 5M shares (good for a 2.7% stake). There were hopes Loeb would push Tibco to spin off its business optimization unit (generally growing faster in recent quarters) from its traditional middleware ops.