- Citrix Systems Inc (NASDAQ:CTXS) reported fourth-quarter FY21 revenue growth of 5% year-on-year to $851 million.
- The non-GAAP net income was $186 million versus $183 million last year. Citrix reported a non-GAAP EPS of $1.47.
- Vista Equity Partners and Evergreen Coast Capital affiliates agreed to acquire Citrix in an all-cash transaction valued at $16.5 billion, including debt.
- Citrix shareholders will receive $104.00 in cash per share.
- Related Content: Elliott And Vista Nearing A Deal to Buy Citrix Systems: What Investors Need To Know
- The purchase price per share implies a premium of 30% on Citrix’s December 7 closing price. The date marks the last trading day since speculation regarding a possible takeover began.
- Vista and Evergreen plan to combine Citrix with Tibco Software, a Vista portfolio company.
- The combination will create a software company with 400,000 customers and 100 million users in 100 countries.
- Citrix will retain its name and its Fort Lauderdale, Florida headquarters.
- The deal will likely close near the middle of 2022.
- Price Action: CTXS shares traded lower by 3.71% at $101.63 in the premarket session on the last check Monday.
Georgia Power Announced it Will Launch First Battery Energy Storage System on State’s Transmission Grid
Georgia Power has received approval from the Georgia Public Service Commission (PSC) to build, own, and operate a new battery energy storage system. Known as the Mossy Branch Battery Facility, the grid-charging battery system is located on 2.5-acres in Talbot County, near Columbus, Georgia.
