Citrix shares fell nearly 3% in premarket trading_老虎社区_美港股上老虎

Citrix shares fell nearly 3% in premarket trading

Tiger Newspress2022-01-31

Citrix shares fell nearly 3% in premarket trading.Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion, according to a person familiar with the matter.

The deal, which could be announced as soon as early this week, came after Elliott and Vista jointly tapped the loan market to fund their cash bid for Citrix at $104 per share. Once taking Citrix private, Vista plans to merge it with Tibco, another data analytics software firm it owns.

The cash bid comes lower than where Citrix stock closed at $105.55 on Friday. Still, the price represents a premium to its lows in December.

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LEEYQ
·2022-01-31
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