What Is Happening With Citrix Systems Shares?

January 18, 2022 5:40 AM | 1 min read |

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.