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According to Bloomberg, Citrix Systems (CTXS) seeking strategic alternatives

  • September 15, 2021

POTENTIAL DEAL DETAILS

StockCitrix Systems, Inc.SymbolCTXS
Date Announced09/15/2021Source Bloomberg
TypeNews Report
Date of Confirmation: 01/31/2022Price at Confirmation: $101.94
Potential Profit: -9.36%Annualized Profit: -24.76%

Citrix Systems Inc. (CTXS), after a sharp drop in its share price this year, is working with advisers and is once again weighing whether to sell itself, according to people familiar with the matter. The workplace software maker plans to gauge the interest of potential buyers over the next few weeks, the people said,

Update(s):

December 21, 2021: Elliott Investment Management and Vista Equity Partners are considering a joint bid for software-maker Citrix Systems Inc. (CTXS), according to people familiar with the matter.

January 14, 2022: Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc. (CTXS), according to people familiar with the matter.

January 24, 2022: Lenders including Bank of America Corp. are putting together a financing package that could lead to around $14 billion of bonds and loans to fund a potential buyout of software-maker Citrix Systems Inc. (CTXS), in what would be one of the largest private equity deals in over a decade.

January 30, 2022: Elliott Investment Management and Vista Equity Partners are nearing a deal to pay about $104 per share for software-maker Citrix Systems Inc. (CTXS), according to people familiar with the matter.

January 31, 2022: Citrix Systems, Inc. (CTXS), announced that it has entered into a definitive agreement under which affiliates of Vista Equity Partners and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P., will acquire Citrix in an all-cash transaction valued at $16.5 billion, including the assumption of Citrix debt.

April 13, 2022: Apollo Global Management Inc. (APOhas approached the banks behind the buyout financing for Citrix Systems Inc. (CTXS) with an offer to purchase as much as $4 billion of the debt together with other private credit funds.

For more details view Deal Metrics

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.