Elliott And Vista Nearing A Deal To Buy Citrix Systems: What Investors Need To Know

Photo: Coutesy of Citrix Systems on Flickr

Elliott Management Corp and Vista Equity Partners are nearing a deal to pay about $104 per share for Cloud-computing company Citrix Systems, Inc. (CTXS). At $104 per share, the deal would value the company’s equity at about $13 billion. Citrix makes software that workers use to log into their corporate programs and desktops virtually.

According to people familiar with the matter, no final decision has been made and the timing and price of a deal could still change. 

Citrix’s shares closed at around $105.55 on Friday, up 4.81%, with speculation about the deal. Last December, both the companies showed interest in a joint bid for Citrix. Bloomberg reported on Jan. 14 that Elliott and Vista were in advanced talks to buy Citrix.

Elliot already has a 10% stake in Citrix, and this would be its second investment in the software company. According to reports, Citrix is expected to be combined with Tibco, a software firm already owned by Vista.

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