On the Barron’s website today, Eric Savitz writes in Tech Trader Daily that Jefferies analyst Katherine Egbert doesn’t believe the rumors regarding a potential acquisition of Tibco Software. For what it’s worth, neither do I.
Tibco has had many opportunities to be acquired, some of which would have offered greater returns than what the company would fetch in today’s market conditions. Assuming that overtures are being made, Tibco is apt to resist them.
Mind you, as Egbert notes, “management does have incentive to keep the perception of an acquisition alive, as such rumors have steadily boosted the stock price.”