(Bloomberg) — Elliott Investment Management, and Vista Equity Partners agreed to acquire software-maker Citrix Systems Inc. for $13 billion, marking the first big leveraged buyout of the year.
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Vista and Elliott’s private equity arm, Evergreen Coast Capital Corp., are paying $104 per share in cash, according to a statement from the companies on Monday, confirming an earlier report by Bloomberg News. The offer is a 30% premium to the company’s closing share price on Dec. 7, before market speculation emerged about a deal. Bloomberg News first reported on a potential agreement with Vista and Elliot on Dec. 20.
Citrix shares were down about 3.7% at $101.6 as trading got underway Monday in New York. The stock closed at $105.55 on Friday, giving the company a market value of about $13.2 billion.
Fort Lauderdale, Florida-based Citrix makes software that workers use…
