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What is the latest news on Citrix Systems?

    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.

What are analysts saying about Citrix Systems stock?

    The company's average rating score is 1.25, and is based on no buy ratings, 1 hold rating, and 3 sell ratings. According to analysts' consensus price target of $89.67, Citrix Systems has a forecasted downside of 13.7% from its current price of $103.90.

What is the first big leveraged buyout of the year?

    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.

What are the losses for banks in the Citrix Systems Inc. deal?

    The $4 billion in bonds backing the $16.5 billion take-private deal for Citrix Systems Inc. were auctioned off Tuesday at a 16% discount, netting around $500 million in losses alone for underwriting banks, according to people familiar with the matter and pricing term sheets viewed by The Wall Street Journal. Already a member? Sign In
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