CTXS Stock: 6 Things to Know About a Potential Joint Bid

Joy34
2021-12-28

  1. This isn’t the first time Citrix Systems has tried to sell itself. In 2017, the company engaged in active discussions withBain CapitalandThoma Bravo. Discussions fell through after disagreements over valuation.
  2. Vista Equity may be considering using its portfolio company,Tibco, as part of the transaction. No further details were given. Vista Equityacquired Tibcoin 2014 for $4.3 billion. It was reported earlier this year that the investment firm was looking to sell Tibco for at least $7.5 billion.
  3. In a research note,Bloombergintelligence analysts Woo Jin Ho and Mandeep Singh praised the potential business transaction: “Citrix could make its cloud transition more aggressively and with limited public-market scrutiny if Elliott Management and Vista Equity Partners make an acquisition bid.”
  4. Elliott Management is a highly respected activist fund. Past investments includeTwitter(NYSE:TWTR),Comcast(NASDAQ:CMCSA),AT&T(NYSE:T) andSamsung. As of June 30, the fund manages$48 billion in assets.
  5. Vista Equity is no stranger to the investment world either. Vista Equity manages$81 billion in assets under management(AUM).
  6. Last month, Morgan Stanley analyst Sanjit Singh lowered hisprice targetfor CTXS$Citrix(CTXS)$ stock to $85.

On the date of publication, Eddie Pan did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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