Tag Archives: Citrix Systems Spinoff

Following Spinoff of Goto To LogMeIn(LOGM), Citrix(CTXS) Puts Itself Up For Sale, Stock Spikes On Rumor

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Citrix Systems(CTXS) stock rose 6.8% yesterday, almost all towards the end of trading, as rumors circulated that the company had hired Goldman Sachs to find a buyer. The Fort Lauderdale, Florida-based company hired Goldman Sachs Group Inc. to sound out buyers including private equity firms, said the people, who asked not to be identified because the information isn’t… Read More »

Reverse Morris Trust Is GoTo Strategy For Citrix As It Merges Division With LogMeIn

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Last November, Citrix Systems(CTXS) announced plans to spin off its GoTo business.  This week, it announced that the spinoff would culminate in a merger with LogMeIn(LOGM) in a Reverse Morris Trust transaction. The transaction, which is expected to be tax-free, will leave Citrix shareholders owning 50.1% of the new company. LogMeIn’s management team, led by CEO Bill Wagner,… Read More »