More news yesterday on how banks are struggling to sell the debt issued for the Citrix transaction. The ominous comments around re-negotiating the debt terms with PE have been flashing bright. Lets see what happens next!
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The whole deal is a grift. The Wrike purchase by Henshall, only to turn it around to be sold a second time. Give Vista some credit on that one. This is a diabolical lesson of capitalism. I won’t be a bit surprised if Broadcom enters the picture downstream and purchases the Citrix BU. The whole thing has an incestuous feel to it.
I don't envy the bankers. They agreed to finance the acquisition of what is now like "Tom's used car lot inventory" but now they're having second thoughts. Bank of America, in particular, is going to regret its leap of faith on this deal. Bad judgment; naive M&A team
I could only find this (not really new) :
https://finance.yahoo.com/news/credit-markets-brace-big-post-155800085.html
Could you share a link to a recent article and the comments?