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Benzinga
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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