RTTNews | Dec 21, 2021 10:47AM EST

10:47 Tuesday, December 21, 2021 (RTTNews.com) - Shares of Citrix Systems, Inc. (CTXS) are gaining over 13% on Tuesday morning on reports that Elliott Investment Management and Vista Equity Partners are considering a joint bid for the software maker.

CTXS is currently trading at $94.89, up $11.24 or 13.44%, on the Nasdaq. The stock has traded between $78.07 and $145.19 in the 52 weeks period.

According to Bloomberg, the talks are at an early stage and Vista Equity may use Tibco as part of the bid.

In September, Bloomberg had reported that Citrix was working with advisers to explore a potential sale. The talks were said to follow activist investor Elliott Management taking a 10% stake in the company.

Read the original article on RTTNews ( https://www.rttnews.com/3250886/citrix-systems-jumps-13-on-reports-of-potential-bid-from-elliott-investment-vista-equity.aspx)

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