Citrix Systems gains after report of potential bid from Elliott Management, Vista

Dec. 20, 2021 10:08 PM ETCitrix Systems, Inc. (CTXS)By: Joshua Fineman, SA News Editor

Citrix offices in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

  • Citrix Systems (NASDAQ:CTXS) rose 7.6% in after hours trading after a report that Elliott Management and Vista Equity Partners are considering a joint bid for the company.
  • Talks are said to be at an early stage and Vista Equity may use Tibco as part of the bid, according to a Bloomberg report.
  • The potential bid comes after Bloomberg reported in September that Citrix (CTXS) was working with advisers to explore a potential sale. The talks were said to follow activist investor Elliott Management taking a 10% stake in the company.
  • In 2015, Elliott Management pressed the workspace software company to explore its potential options, leading to a settlement and the awarding of a board seat. Two years later, Citrix reportedly approached potential buyers but the talks stalled over valuation.
  • Last month, Citrix Systems falls after cut to underweight at Morgan Stanley.

Recommended For You


To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.