- Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc 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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