said its board authorized a new share repurchase program covering up to $300 million of the company's common stock.
The program replaces a previous $300 million buyback, under which about $70 million was still remaining. Repurchases will be made in the open market or in privately negotiated transactions, Tibco said.
Shares of Tibco were adding 3.4% to $7.86 Monday.
This article was written by a staff member of TheStreet.com.