Tibco shares soar to decade-high after Reuters exclusively reports deal talks with HP
04.11.2011
Shares of Tibco Software jumped 11 percent to their highest in a decade, a day after Reuters exclusively reported that Hewlett-Packard Co had considered buying the business software maker to beef up its software business. The April 11 story provided investors with details on the deal talks, which came as HPs newly minted CEO Leo Apotheker was expected to use acquisitions to beef up its software division. The Reuters article was cited among numerous publications and blogs including the New York Times DealBook, Forbes, TheStreet.com, Bloomberg`s First Word, InformationWeek, Motley Fool and American Banking News.
