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Benzinga

Business

Anusuya Lahiri

What Is Happening With Citrix Systems Shares?

Citrix Vista Elliott (Organization) Citrix Systems Inc Elliott Investment Management Vista Equity Partners

Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc (NASDAQ:CTXS), Bloomberg reported recently.
Elliott and Vista have tapped banks to finance their offer.
Related Content: Why Are Citrix Shares Trading Higher Tuesday Premarket?
Vista is still considering using its portfolio company Tibco as part of the transaction.
The report added that the news of a joint bid for Citrix by Elliott and Vista could be announced in a few weeks.
Price Action: CTXS shares traded higher by 4.38% at $100 in the premarket session on the last check Tuesday.

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