Newman Ferrara LLP has begun an investigation into potential claims against the board of directors of TIBCO Software Inc. (“Tibco”) (Nasdaq: TIBX) concerning its proposed sale to Vista Equity Partners.

Under the terms of the proposed transaction, Tibco stockholders will receive only $24.00 per share in cash for each share of Tibco stock owned. However, the proposed offer price is below the 52-week trading high of Tibco common stock of $26.90 per share. The proposed deal is expected to close during the fourth quarter of 2014.

Newman Ferrara’s investigation concerns whether the Tibco’s Board of Directors has breached its fiduciary duties to act in the best interests of Tibco’s stockholders. The investigation focuses on the potential unfairness of the consideration being provided to Tibco’s stockholders and the process by which the Tibco’s Board of Directors considered and approved the proposed deal.

Concerned investors may contact Newman Ferrara attorney Roy Shimon at to discuss this investigation, their rights, or potential remedies.

Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation, securities fraud and shareholder litigation, consumer protection, civil rights, and real estate. For more information, please visit the firm website at

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