The sale delayed until September.

Citrix Systems (NASDAQ:CTXS), which agreed in January to a $16.5 billion sale to Vista Equity and Elliott Management, ticked down 0.6% after a report that a $15 billion debt sale for the acquisition has been delayed until after the U.S. Labor Day holiday.

https://seekingalpha.com/news/3858700-citrix-ticks-lower-on-report-debt-sale-for-buyout-delayed-until-september?mailingid=28442778&messageid=2900&serial=28442778.2205&source=email_2900&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha&utm_term=28442778.2205

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Always negotiate.

Sounds like the deal isn’t going to happen.

The story is brief:

"Citrix Systems (NASDAQ:CTXS), which agreed in January to a $16.5 billion sale to Vista Equity and Elliott Management, ticked down 0.6% after a report that a $15 billion debt sale for the acquisition has been delayed until after the U.S. Labor Day holiday.

The debt sale, which is being led by Bank of America, is pushed back to due to volatile markets, according to traders, who cited a Bloomberg report. The investors are betting that September will offer a better environment for selling the debt.

The update comes after Bloomberg reported last Tuesday that BofA had started to canvas investors to see their interest in part of $15B in debt for the buyout. "

No need to start rumors. The deal is 100% guaranteed like all the promises the company has kept. Trust the leadership, they went to public schools.

Article is paywalled, but this is debt that the banks already hold on their books. Everyone already signed. I don't think the (re-)sale of this debt has any bearing on the closing.

Hopefully the deal falls through.

This is big news .. possibly first step of deal renegotiation…

Thread regarding Citrix Systems Inc. layoffs

The sale delayed until September.

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