Tibco Software Inc. TIBX shares jumped Wednesday on a report that it will review buyout offers from several private equity investors "in coming weeks."
Palo Alto, California-based Tibco hired Goldman Sachs Group last month to review strategic alternatives at the urging of 3.2 percent shareholder Praesidium Investment Management.
Vista Equity Partners and Thoma Bravo LLC are among a small group of private equity firms now competing to buy the company, according to a Reuters report Wednesday, which cite a price.
Tibco has sought interest from Bain Capital LLC and KKR & Co., according to earlier reports. The company's shares are off by 10 percent year to date on slowing revenue growth.
Tibco closed at $20.26, up 6.6 percent.
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