Reuters says that if it sold at least $100 million of its $600 million stake within 12 months of a US public-offer filing, Tibco has agreed to buy back an equal number of shares at the same price per share, up to a maximum of $115 million. Tom Glocer, Reuters CEO says: "Tibco has agreed to make a portion of its cash available to assist an orderly sale of Reuters stake." While the deal gives Tibco new commercial freedom to sell direct to the financial services market, Reuters' has maintained its restrictions on the sale of risk management and market data applications.