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DJ: Tibco reaching out to potential buyers

Aug. 06, 2014 2:26 PM ETTIBCO Software, Inc. (TIBX) StockTIBXBy: Eric Jhonsa, SA News Editor
  • Dow Jones reports Tibco (TIBX +5.8%) is reaching out to potential buyers. Shares have spiked in response.
  • SAP was at one point rumored to be interested in the middleware/analytics software vendor, which has had a rough year to date. But SAP has since declared it's not looking to make a large acquisition.
  • Activist investor Praesidium Investment disclosed a stake in Tibco in June, and said it would share its views on the company with "potential acquirers."

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