- Sources tell dealReporter Citrix (NASDAQ:CTXS) is mulling a leveraged buyout.
- There has already been speculation Citrix could join other enterprise software names in being acquired by private equity, after activist Elliott Management disclosed a 7.1% stake and called for big changes.
- Shares spiked before the close on the report, but gave back their gains almost as quickly, and closed up 0.8%. With a current market cap of $11.4B - a buyer might need to pay $13B+ - Citrix would be a relatively large target for would-be P-E acquirers.
- Previously: Upgrades arrive for Citrix following Elliott's letter