Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     

  • Bitcoin USD

    63,342.99
    +706.52 (+1.13%)
     

  • CMC Crypto 200

    1,365.83
    +53.21 (+4.05%)
     

  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     

  • Dow

    37,986.40
    +211.02 (+0.56%)
     

  • Nasdaq

    15,282.01
    -319.49 (-2.05%)
     

  • Gold

    2,406.70
    +8.70 (+0.36%)
     

  • Crude Oil

    83.24
    +0.51 (+0.62%)
     

  • 10-Yr Bond

    4.6150
    -0.0320 (-0.69%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Tibco Software reviews strategic, financial alternatives

Reuters

(Reuters) - Business software maker Tibco Software Inc said it is reviewing its strategic and financial alternatives as part of a process initiated by its board on Aug. 16 to maximize shareholder value.

Tibco has formed a special committee of independent directors to undertake the review.

The company said it had retained Wilson Sonsini Goodrich & Rosati and Goldman, Sachs & Co to assist in the process.

Tibco has been approaching potential suitors, including private equity firms, Wall Street Journal reported on Aug. 6, citing people familiar with the matter.

(Reporting By Subrat Patnaik; Editing by Simon Jennings)