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Vista Equity Partners To Buy Tibco Software Inc.

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Shares of Tibco Software Inc. (NASDAQ: TIBX) were trading 21 percent higher in the premarket on news that private equity firm Vista Equity Partners will take Tibco Software private.

Tibco Software shareholders will get $24 per share in cash, a nearly 25 percent premium over the closing price of $19.51 on Friday.

Tibco Software had been in talks with private-equity firms earlier this month, with Vista Equity Partners rumored to be one of the suitors. The $24 cash price values the deal at $4.3 billion. It is expected to close in the fourth quarter of this year.

Shares of Tibco Software were last quoted at $23.64 in the premarket, up $4.13 or 21.2 percent from Friday's close.

Posted-In: Vista Equity PartnersNews Markets

 

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