Citrix Systems is seeking a buyer of the company, people familiar with the matter told Bloomberg. The Florida-based company hired Goldman Sachs Group to sound out buyers including private equity firms. Interest has been limited so far as Citrix’s large market valuation means buyout firms would have to team up to fund a bid, complicating any possible deal, the report said.
The company's shares rose 6.8 percent to USD 84.93 on 13 March, valuing the company at about USD 13.3 billion. The stock climbed more than 30 percent in the 12 months through 10 March, despite management warning in January that they’re maintaining a "conservative outlook" on the next four quarters.
