P/E Firms Mull Citrix Takeout
Cloud computing and virtualization company Citrix Systems Inc. has had a rough year — $CTXS is down 28% this year, but the stock gained 13% today on the news of a potential deal.
Vista Equity Partners and Elliott Management Corp. could take Citrix private in a buyout deal, according to reports. The deal is still in early stages, but news also surfaced earlier this week that Elliott Investments bought a 10% stake in Citrix Systems. The Florida-based computing company is presently valued at $10 billion.