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