$CTXS Goes Private in $16.5 Billion Deal

Citrix Systems to Go Private in Deal Valued at $16.5 Billion, Including Debt
Elliott’s affiliate and Vista Equity to pay $104 a share for cloud-computing company

Citrix Systems will keep its name and its Fort Lauderdale, Fla., headquarters after the takeover.

By Matt Grossman
Updated Jan. 31, 2022 10:31 am ET

https://archive.fo/4Fh3g

Citrix Systems Inc. $CTXS will be taken private in an all-cash acquisition valued at $16.5 billion, including debt, making the cloud-computing company the latest subject of a big leveraged buyout following a surge in deals last year.

Stockholders will receive $104 a share from the two buyers: Vista Equity Partners and Evergreen Coast Capital Corp., the private-equity arm of Elliott Management Corp. Citrix makes software that gives users remote access to their computers and provides other cloud services.