Citrix Systems Inc.
will be taken private in an all-cash acquisition valued at $16.5 billion, including debt, making the cloud-computing company the latest subject of a big leveraged buyout following a surge in deals last year.
Citrix stockholders will receive $104 a share from the two buyers: Vista Equity Partners and Evergreen Coast Capital Corp., the private-equity arm of Elliott Management Corp. Citrix makes software that gives users remote access to their computers and provides other cloud services.
Citrix shares closed Friday at $105.55 following a jump in the company’s stock price in recent weeks as speculation about an acquisition emerged. In early Monday trading, shares fell 3.7% to $101.68. The Wall Street Journal reported on Sunday that the deal was nearing…
