Tibco CEO says company is attractive target

BOSTON/FRANKFURT, Oct 19 (Reuters) - Tibco Software Inc (TIBX.O) Chief Executive Vivek Ranadive said on Friday the board would "do what is right for shareholders" if a bid were made for the software maker, saying "we are a very attractive franchise."

He declined to say whether the company has been approached or is in talks with potential suitors, or if its goal is to remain an independent corporation.

"The board is always considering its options," he told Reuters in a telephone interview.