Benzinga | Jan 18, 2022 05:40AM EST

What Is Happening With Citrix Systems Shares?

* Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc (NASDAQ:CTXS), Bloomberg reported recently.

* Elliott and Vista have tapped banks to finance their offer.

* Related Content: Why Are Citrix Shares Trading Higher Tuesday Premarket?

* Vista is still considering using its portfolio company Tibco as part of the transaction.

* The report added that the news of a joint bid for Citrix by Elliott and Vista could be announced in a few weeks.

* Price Action: CTXS shares traded higher by 4.38% at $100 in the premarket session on the last check Tuesday.