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dealReporter: Change in Tibco bylaws could open door to activists

Mar. 18, 2014 5:50 PM ETTIBCO Software, Inc. (TIBX) StockTIBXBy: Eric Jhonsa, SA News Editor
  • 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.

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