Citrix Provides Update on Pending Acquisition by Affiliates of Vista Equity Partners and Evergreen Coast Capital
Citrix Systems, Inc. (NASDAQ: CTXS) is progressing in the acquisition by Vista Equity Partners and Evergreen Coast Capital Corporation, with final regulatory approvals pending. Shareholders approved the deal in April 2022, entitling them to $104.00 per share in cash. The transaction is expected to close in Q3 2022, after which Citrix will become a private entity and cease trading on Nasdaq. Tom Krause will take over as CEO of the combined company, which will integrate TIBCO Software, enhancing market presence and operational synergies.
- Shareholders set to receive $104.00 per share, providing immediate cash return.
- Expected integration of Citrix and TIBCO Software, potentially enhancing market capabilities.
- Acquisition subject to final regulatory approvals, which could delay the transaction.
- Risks associated with key personnel retention during acquisition process.
- Potential adverse market conditions affecting financing for the transaction.
The parties are awaiting receipt of the final regulatory approvals required to complete the transaction, which is currently expected to close in the third quarter of 2022. Upon completion of the transaction, Citrix’s shares will no longer trade on the Nasdaq, and
Vista and Evergreen also announced today that, upon closing of the transaction,
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For media inquiries, contact:
(216) 396-4683 or karen.master@citrix.com
For investor inquiries, contact:
(408) 790-8467 or traci.tsuchiguchi@citrix.com
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