Citrix Buyout
Citrix shareholders have approved the $16.5 billion offer by a group of private equity investors announced earlier this year, but it’s not without controversy. A vote approving the deal occurred despite an investor lawsuit seeking documentation that Citrix considered alternative options.
The deal is still on schedule to close by midyear, pending approvals and typical closing conditions, according to Citrix. But the Citrix shareholder vote comes amid a continued surge of longtime Citrix employee and executive departures. Among them is Citrix channel chief Mark Palomba, who just assumed that role six months ago.
Go here for more information about Palomba’s departure and the shareholder lawsuit.
Tags:
