Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Anusuya Lahiri

Citrix Agrees To Be Acquired In $16.5B Deal

  • Citrix Systems Inc (NASDAQ:CTXSreported fourth-quarter FY21 revenue growth of 5% year-on-year to $851 million.
  • The non-GAAP net income was $186 million versus $183 million last year. Citrix reported a non-GAAP EPS of $1.47.
  • Vista Equity Partners and Evergreen Coast Capital affiliates agreed to acquire Citrix in an all-cash transaction valued at $16.5 billion, including debt.
  • Citrix shareholders will receive $104.00 in cash per share.
  • Related Content: Elliott And Vista Nearing A Deal to Buy Citrix Systems: What Investors Need To Know
  • The purchase price per share implies a premium of 30% on Citrix's December 7 closing price. The date marks the last trading day since speculation regarding a possible takeover began.
  • Vista and Evergreen plan to combine Citrix with Tibco Software, a Vista portfolio company. 
  • The combination will create a software company with 400,000 customers and 100 million users in 100 countries.
  • Citrix will retain its name and its Fort Lauderdale, Florida headquarters. 
  • The deal will likely close near the middle of 2022.
  • Price Action: CTXS shares traded lower by 3.71% at $101.63 in the premarket session on the last check Monday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.