Tag Archives: CTXS Spinoff

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

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

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 »