FORT LAUDERDALE (dpa-AFX) - Citrix Systems, Inc. (CTXS) has reached an agreement under which affiliates of Vista Equity Partners, and Evergreen Coast Capital Corporation, an affiliate of Elliott, will acquire Citrix in an all-cash deal valued at $16.5 billion, including the assumption of Citrix debt. Citrix shareholders will receive $104.00 in cash per share.
Upon completion of the transaction, Citrix's shares will no longer trade on the Nasdaq, and it will become a private company. In connection with the deal, Vista and Evergreen plan to combine Citrix and TIBCO Software, one of Vista's portfolio companies.
'Today's announcement is the culmination of a strategic review process conducted over five months, including extensive outreach to both potential financial and strategic buyers,' said Bob Calderoni, Interim Chief Executive Officer.
Copyright(c) 2022 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
© 2022 AFX News
