[Techtaffy Newsdesk]
TIBCO Software has authorized a new share repurchase program pursuant to which the company may repurchase up to $300 million of its outstanding common stock. This program replaces the company’s previous $300 million share repurchase program, under which approximately $38 million was still remaining.
The repurchases under the program will be made in open market or privately negotiated transactions, says the company. The manner, timing and amount of any repurchases will be determined based on an evaluation of market conditions, stock price and other factors.