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Feb 26, 2024 · Mike Leonard. Citrix Systems Inc. ex-investors are suing its former chairman over the software giant’s $16.5 billion leveraged buyout by affiliates of Vista Equity Partners Management LLC and Elliott Investment Management LP. The proposed class action targets Robert Calderoni, who was also Citrix’s interim CEO at the time of the transaction ...
- mleonard@bloomberglaw.com
- Legal Reporter
Jan 31, 2022 · Elliott holds about 12 per cent of Citrix stock, the company said. The $16.5bn deal, which includes the assumption of about $3.3bn in debt, marks the first buyout of 2022 worth more than $10bn ...
- Nikou Asgari
Jan 31, 2022 · The acquisition announcement comes just two months after Citrix laid off workers — including 80 at its former headquarters in Santa Clara — after its board approved a restructuring program ...
- Citrix Plus TIBCO
- Citrix Numbers Droop
- Financial Details
Citrix has made a priority of addressing the remote work marketwith its software-as-a-service (SaaS) solutions. Its services have been especially attractive during the pandemic. TIBCO is a cloud-native data analytics firm specializing in application programming interfaces (APIs) that link applications and data on premises and across clouds. TIBCO c...
It may be a providential time for Citrix to merge with TIBCO. Along with the buyout news, Citrix reported its fourth-quarter and full-year 2021 resultstoday, and they’re a mixed bag. For the fourth quarter 2021, the company posted revenue of $851 million, up 5% from last year’s quarter. But for the year 2021, revenues of $3.22 billion were down 1% ...
The Citrix buyout deal is expected to close by the middle of 2022, subject to Citrix shareholder and regulatory approvals. According to the terms, Citrix shareholders will receive $104 in cash per share – representing a 30% premium over Citrix’s share price on December 7, 2021, the last trading day before public speculation started about the transa...
Jan 30, 2022 · Elliott Investment Management and Vista Equity Partners are nearing an agreement to acquire software-maker Citrix Systems Inc. for around $13 billion, people familiar with the matter said.
Jan 31, 2022 · Elliott Investment Management, and Vista Equity Partners agreed to acquire software maker Citrix Systems Inc. for $13 billion, marking the first big leveraged buyout of the year. Vista and Elliott’s private equity arm, Evergreen Coast Capital Corp. , are paying $104 per share in cash, according to a statement from the companies on Monday, confirming an earlier report by Bloomberg News.
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Sep 21, 2022 · Elliott Investment Management bought about $1 billion of the junk-bond deal supporting its own buyout of software company Citrix Systems Inc., according to people with knowledge of the matter.
