Citrix Systems (CTXS) expects merger closing date of September 30


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Citrix Systems (NASDAQ: CTXS) disclosed:

As previously disclosed, on January 31, 2022, Citrix Systems, Inc., a Delaware corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Picard Parent, Inc., a Delaware corporation (“Parent”), Picard Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), and, for certain limited purposes detailed in the Merger Agreement, TIBCO Software Inc., a Delaware corporation, pursuant to which Merger Sub will merge with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Parent. As of the date of this report, the Company expects the Merger to close on September 30, 2022, subject to the satisfaction of the remaining customary closing conditions.

Also, as previously disclosed,…

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