report

Elliott, Vista near $13 bn deal to buy cloud computing firm Citrix: Report

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Elliott Management Corp and Vista Equity Associates are near to acquiring Citrix Techniques Inc in a deal that values the U.S. cloud computing company at about $13 billion, in accordance to a human being familiar with the issue.

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The offer, which could be introduced as shortly as early this 7 days, came after Elliott and Vista jointly tapped the bank loan sector to fund their dollars bid for Citrix at $104 per share. The moment getting Citrix private, Vista options to merge it with Tibco, another knowledge analytics software program company it owns.&#13
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The income bid comes lower than wherever Citrix stock shut at $105.55 on Friday. Nonetheless, the selling price signifies a top quality to its lows in December. Citrix’s solutions make it possible for workforce of companies to accessibility their community remotely. Even so, it unsuccessful

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