Networking Software Maker Citrix Seeks Buyers
U.S. networking software company Citrix Systems Inc has been exploring strategic alternatives including a potential sale, people familiar with the matter said on Monday.
Citrix, which gave activist hedge fund Elliott Management a board seat in 2015, has looked at selling itself in the past, before embarking on spin-offs and sales of smaller business units. It now has a market capitalization of $13.2 billion.
Several private equity firms have recently considered an acquisition of Citrix but decided that a leveraged buyout would not be easily achieved or profitable, the people said. However, one buyout firm that is still interested in an acquisition of Citrix is Thoma Bravo LLC, the people added.
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