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Elliott Management reveals $1 billion stake in Citrix, wants changes

Activist hedge fund Elliott Administration Corp. has a greater than $1 billion stake in Citrix Techniques Inc. and needs the software program firm to take motion to spice up its lagging inventory value, in response to folks aware of the matter.

Elliott not too long ago knowledgeable Citrix
CTXS,
+0.73%

it has a stake of greater than 10% within the firm and want to work with it to enhance its valuation, the folks mentioned. A stake of that dimension can be valued at round $1.3 billion, based mostly on Citrix’s market worth of practically $13 billion as of Tuesday.

https://www.marketwatch.com/story/elliott-management-reveals-1-billion-stake-in-citrix-wants-changes-11631064080?rss=1&siteid=rss | Elliott Administration reveals $1 billion stake in Citrix, needs adjustments

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