Kaskela Law LLC Announces Stockholder Investigation of Citrix Systems, Inc. (CTXS) Following Privatization Announcement
Investor protection firm Kaskela Law LLC announces that is investigating Citrix Systems, Inc. (NASDAQ: CTXS) (“Citrix”) on behalf of the company’s stockholders.
On January 31, 2022, Citrix announced that it had agreed to be acquired by private equity firm Vista Equity Partners and Evergreen Coast Capital Corporation, an affiliate of Elliott Investment Management L.P. Under the terms of the proposed agreement, Citrix stockholders are expected to receive $104.00 per share in cash for their Citrix shares. Notably, shares of the company’s stock traded at over $115.00 per share as recently as July 2021.
The investigation seeks to determine whether the members of Citrix’s Board of Directors violated the securities laws or breached their fiduciary duties to CTXS shareholders in connection with the proposed transaction, and whether Citrix shareholders are being provided with all material information about the proposed transaction.
Citrix shareholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/citrix-systems-inc/, for additional information about this investigation and their legal rights and options.
Kaskela Law LLC represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229 – 0750
(888) 715 – 1740
www.kaskelalaw.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115048
There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as a recommendation to buy, sell, or hold any investment or security, or to engage in any investment strategy or transaction. It is your responsibility to determine whether any investment, investment strategy, security, or related transaction is appropriate for you based on your investment objectives, financial circumstances, and risk tolerance. Consult your business advisor, attorney, or tax advisor regarding your specific business, legal, or tax situation.
[ad_2]
Source link
