{"id":18512,"date":"2022-01-31T08:16:51","date_gmt":"2022-01-31T16:16:51","guid":{"rendered":"https:\/\/marketdepth.com\/?p=18512"},"modified":"2022-01-31T08:16:53","modified_gmt":"2022-01-31T16:16:53","slug":"citrix-set-to-be-acquired-for-usd16-5-billion","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/citrix-set-to-be-acquired-for-usd16-5-billion\/","title":{"rendered":"Citrix Set to be Acquired for USD16.5 Billion"},"content":{"rendered":"\n

Citrix (NASDAQ: CTXS)<\/strong>, an American multinational cloud computing company, is set to be acquired by private equity firms Vista Equity Partners and Evergreen Coast Capital (an affiliate of Elliott Investment Management) for a total of USD16.5 Billion. According to the companies, the all cash deal will include the assumption of Citrix\u2019s debt.<\/p>\n\n\n\n

30% Share Premium<\/h5>\n\n\n\n

The offer represents a 30% premium to the company\u2019s closing share price of December 7, before news of the deal broke. Nevertheless, Citrix\u2019s shares fell 3.7% Monday morning in New York.<\/p>\n\n\n\n

Going Private<\/h5>\n\n\n\n

The cloud computing and virtualization company, used by companies such as Microsoft, Google and SAP, is currently traded on Nasdaq but will go private amid the deal. Shareholders will receive USD104 per share in cash, a 24% premium above the closing price on December 20, \u201cthe last trading day prior to media reports regarding a potential bid from Vista and Evergreen.\u201d<\/p>\n\n\n\n

Largest Software Provider<\/h5>\n\n\n\n

Amid the agreement, Vista and Evergreen plan to merge Citrix with Tibco Software, an enterprise data management firm, which is also a Vista Portfolio company. According to a statement, the action is set to create one of the largest software providers, catering to 400,000 customers.\u00a0<\/p>\n\n\n\n

\u201cOver the past three decades, Citrix has established itself as the clear leader in secure hybrid work. Our market-leading platform provides secure and reliable access to all of the applications and information employees need to get work done, wherever it needs to get done. By combining with TIBCO, we will expand this platform and the outcomes our customers achieve. Together with TIBCO, we will be able to operate with greater scale and provide a larger customer base with a broader range of solutions to accelerate their digital transformations and enable them to deliver the future of hybrid work. As a private company, we will have increased financial and strategic flexibility to invest in high-growth opportunities, such as DaaS, and accelerate its ongoing cloud transition.\u201d<\/p>Bob Calderoni, Chair of the Citrix Board of Directors and Interim Chief Executive Officer and President<\/cite><\/blockquote>\n","protected":false},"excerpt":{"rendered":"Citrix (NASDAQ: CTXS), an American multinational cloud computing company, is set to be acquired by private equity firms Vista Equity Partners and Evergreen Coast Capital (an affiliate of Elliott Investment Management) for a total of USD16.5 Billion. According to the companies, the all cash deal will include the assumption of Citrix\u2019s debt. 30% Share Premium… View Article<\/a>","protected":false},"author":3,"featured_media":18341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,11,7,16],"tags":[],"acf":[],"yoast_head":"\nCitrix Set to be Acquired for USD16.5 Billion - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/citrix-set-to-be-acquired-for-usd16-5-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Citrix Set to be Acquired for USD16.5 Billion - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Citrix (NASDAQ: CTXS), an American multinational cloud computing company, is set to be acquired by private equity firms Vista Equity Partners and Evergreen Coast Capital (an affiliate of Elliott Investment Management) for a total of USD16.5 Billion. 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