This raises questions for customers which we set out here, along with suggestions customers should consider. How Citrix Could Be Worth 50% More - 24/7 Wall St. Define Elliott International. Shares of Citrix Systems, Inc. (NASDAQ: CTXS) closed on Thursday up nearly 7 percent.. Investors were buying the stock after activist investor Elliott Management delivered a letter to the company . No reason was given for Henshall's departure. Read More Citrix in the Market for a New CEO Amid . Software giant Citrix hires Goldman to explore sale after All of this action follows a public letter last month from Elliott Management Corporation. The reason for that is each provides clues as to how . Nike, Micron rise; General Mills, Newmont fall Citrix Systems, Inc. (NASDAQ: CTXS) today issued the following statement in response to a letter to the Citrix Board of Directors from Elliott Management Corp. "Citrix has always maintained an . By Shaun Bevan - Digital Producer, South Florida Business Journal . We will review Elliott's suggestions and respond as we do with all shareholders who engage with us. Elliott last month sent a letter to Templeton and Citrix chairman Thomas Bogan indicating that it wants to see the company improve its operations and spin off some assets, arguing that Citrix is . Elliott acquired a 7.1% of the common stock and equivalents of Citrix Systems. ELLIOTT MANAGEMENT CORP. 40 WEST 57 TH STREET NEW YORK, NEW YORK 10019 TEL. By the close of June 11, 2015, Citrix's shares rose by 6.7%, whereas it had gained just 2.8% in the preceding 12 months. Gentlemen: This letter (this "Agreement") constitutes the agreement between Citrix Systems, Inc., a Delaware corporation . Elliott, Vista Said to Weigh Joint Bid for Citrix Systems New York, NY 10019 . Keep Value Stocks on Your Radar Today's headlines were well-received, but there's still plenty of anxiety as we head into 2022. As of Dec. 31, Elliott held a 4.6 percent Citrix stake. Citrix Jumps on Report of Joint Bid from Elliott and PE citrix13d_060115.htm - SEC The fund sent a letter to the board of the company after picking up a 7.1 . Citrix The Citrix action started with this open letter published on BusinessWire : We believe that Citrix can achieve a stock price of $90 - $100+ per share by the end of 2016. Investing.com - Citrix Systems stock (NASDAQ:CTXS) was up 8% in Tuesday's premarket trade after a Bloomberg report said that activist investor Elliott Management and Vista Equity Partners are . Citrix Forced To Yield In the past, Elliott associated with companies such as Citrix Systems, Inc. (NASDAQ: CTXS ). About Elliott's letter, Citrix said it, "has always maintained an ongoing dialogue with our shareholders, and we welcome their input. Print. In June of 2015, Elliott disclosed a 7.1 percent stake in Citrix. By the close of July 28, 2015, Citrix's shares rose by another 3.7%. It's back to haunt the backsliding enterprise-software group. Elliott came knocking in 2015, brandishing a list of gripes, including a . "However, Citrix has struggled operationally and has consequently missed a profound value creation opportunity to capitalise on these products and markets," said Cohn. Now, with more than $40 billion under management, Elliott is . On May 4, 2016, Elliott sent a letter to CDK Board of Directors outlining steps they felt were required in order to meet projected ROI and margins. Elliott Management, the activist hedge fund that has roiled the operations of tech companies like EMC, Citrix Systems and Juniper Networks over the past few years, is now turning its attention to . Elliott, through The Liverpool Limited Partnership, a Bermuda limited partnership and a wholly-owned subsidiary of Elliott "Liverpool"), and Elliott International have entered into notional principal amount derivative agreements (the "Derivative Agreements") in the form of cash settled swaps with respect to 2,000,240 and 3,882,820 . As of September 2016, it held a 5.4% stake in the company and is the third-largest shareholder. Elliott demands changes at Citrix Systems. Elliott, the $25 billion hedge fund founded by Paul Singer, sent a public letter to Citrix Systems on Thursday, urging the software company to cut costs and sell or spin off a number of its smaller. Below are Elliott's transactions on the stock of Citrix Systems during the past 60 days. Elliott Investment Management and Vista Equity Partners are considering a joint bid for software-maker Citrix Systems Inc., according to people familiar with the matter. In its letter, Elliott says that Citrix has "attractive technology" but has struggled operationally for years. Elliot Management, in typical activist fashion, sent a letter to the board of directors at Citrix. Ultimately the firm believes that Citrix can achieve a stock price of $90 to $100 or more per . Elliott Management Corp., which holds 7.1 percent of Citrix's stock, sent a letter to the company's board of directors Thursday outlining issues it believes are holding back its stock price. The activist investor also said the company should add three independent . This time, however, the hedge fund's target wasn't a poorly run company or a sovereign nation defaulting on its debt . Elliott Management, the large fund investor, now owns 10% of Citrix shares. Elliott acquired a 4% stake in CDK Global in May 2015. Sept. 7, 2021 7:58 pm ET. In its letter, Elliott believes that the 50 percent jump in value "is achievable because Citrix has leading technology franchises in attractive markets but has struggled operationally for years. Elliott took a stake in CTXS in the third quarter of this year. Explanation of Responses: 1. Elliott's current and prior investments in software companies include Citrix, Qlik, Mitchell International, Informatica . A letter to the Citrix board soon followed demanding several changes in the virtualization software company's leadership and. It includes any person who directly or indirectly shares voting power . In the fall of 2010, Paul Singer's Elliott Management was on the warpath. Shares of Citrix Systems, Inc. (NASDAQ: CTXS) closed on Thursday up nearly 7 percent.. Investors were buying the stock after activist investor Elliott Management delivered a letter to the company . Elliott Sends Letter to Citrix Board of Directors Looks to Engage on Plan for Fundamental and Sustainable Change Believes Citrix can Achieve Stock Price of $90 - $100+ Per Share by the End of 2016. We will review Elliott's suggestions and respond as we do with. Citrix is considering a sale following a 16 percent drop in its share price and activist investor Elliott Management buying a 10 percent stake in the company, according to a report from Bloomberg. Elliott, a specialist when it comes to activism in technology companies, sent a letter to Citrix management and board Thursday introducing itself and laying out steps it believes the company should. 10 December 2021 The Board of Directors Taylor Wimpey plc Turnpike Road High Wycombe HP12 3NR Attn. Schedule 13D is commonly referred to as a "beneficial ownership report.". 2 GSK's Leadership Role and the Case for Change GSK is an important company within the U.K. and across the globe. Elliott has a history of buying large stakes in companies, including in the IT space, and demanding changes aimed at benefiting shareholders. Citrix, one of South Florida's largest companies, said that it has entered into a "cooperation agreement" with Elliott Management, a multi-strategy hedge fund that owns about 7.5 percent of . Citrix's response to the Elliott letter Last night Citrix put out a press release which said, "Citrix has always maintained an ongoing dialogue with our shareholders, and we welcome their input. Citrix soon became the technology company to watch in South Florida. Elliott acquired a 4% stake in CDK Global in May 2015. Signage stands on the building of a Public Storage facility in San Francisco, California, U.S., on Friday, April . If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ]. Elliott Management is hoping to influence the SAP board to become more capital efficient. (212) 974-6000 FAX: (212) 974-2092 May 4, 2016 The Board of Directors CDK Global, Inc. 1950 Hassell Road Hoffman Estates, IL 60169 Attn: Chairman Leslie Brun Amount or Number of Shares. As of September 2016, it held a 5.4% stake in the company and is the third-largest shareholder. Investing.com - Citrix Systems stock (NASDAQ:CTXS) was up 8% in Tuesday's premarket trade after a Bloomberg report said that activist investor Elliott Management and Vista Equity Partners are . Converge! However, the sources cautioned that the talks are in an early stage and no deal is certain for now. The firm believes that CTRX could reach over $100 per share Singer's activist investing firm Elliott Management has held a Citrix board seat since 2015. Activist hedge fund Elliott Management used to make its living forcing little-known enterprise software companies to sell themselves. As of Dec. 31, Elliott held a 4.6 percent Citrix stake. Elliott wrote an open letter to Citrix in June demanding the company focus on its best products, saying it had missed a "profound opportunity" to capitalise on the shift to the cloud, because . The reason for that is each provides clues as to how . Elliott International, L.P. Elliott International Capital Advisors Inc. 40 West 57th Street New York, NY 10019 Gentlemen: This letter agreement (this "Agreement") among Citrix Systems, Inc., a Delaware corporation ("Citrix"), GetGo, Inc., a Delaware corporation ("SpinCo"), and LogMeIn, Inc., a Delaware corporation The firm is requesting a meeting with the board within the next few weeks to "share our detailed thoughts about how to improve Citrix for the benefit . New York, NY 10019 . News coming out from Bloomberg claims that Elliott Management Corp has partnered with Vista Equity Partners to acquire Citrix. Citrix has considered its options in the past. Gentlemen: This letter (this "Agreement") constitutes the agreement between Citrix Systems, Inc., a Delaware corporation . Elliott's head of US activism, Jesse Cohn . In our last review of Elliott Management's actions, we focused on Citrix, Cognizant and, BMC. In June, Elliott sent a letter to the management team and board of directors at Citrix Systems, announcing Elliott's 7.1% equity position and laying out plans to improve operational performance at . October 5, 2016 Elliott Letter to Samsung; November 16, 2015 Elliott Letter to American Capital; October 8, 2015 Elliott Letter to Polycom Board; June 11, 2015 Elliott Letter to Citrix Board; October 17, 2014 Elliott Letter to Family Dollar; October 8, 2014 Elliott Letter to EMC Board; December 17, 2012 Elliott Letter to Compuware Board; March . Citrix closed at $69.63 per share Tuesday. The activist investment firm is making an exception for Citrix Systems. Qatalyst Partners and Goldman, Sachs & Co. are serving as financial advisors to Citrix and Goodwin Procter LLP is serving as legal counsel. Citrix Systems stock jumped on Tuesday following news reports that Elliott Investment Management and Vista Equity Partners were considering a joint bid for the software company. Singer's activist investing firm Elliott Management has held a Citrix board seat since 2015. Citrix Systems Inc. $12.9 Elliott Investment Management L.P. In September 2021, news outlets reported that Elliott had acquired an Paul Singer's firm has taken a stake worth more than $1 billion in the $13 billion Citrix, according to the Wall Street Journal. In our last review of Elliott Management's actions, we focused on Citrix, Cognizant and, BMC. Elliott Associates, L.P. Elliott International, L.P. Elliott International Capital Advisors Inc. 40 West 57th Street . The report also noted that Elliott Management has increased its stake in the company. Elliott Management, the large fund investor, now owns 10% of Citrix shares. In 2015, Elliott successfully pushed software firm Informatica to sell itself to PE buyers and got Citrix's CEO to resign and was given a board seat in that company. General Mills Inc., down $2 . Read Elliott's letter to Citrix's Board of Directors here. Elliott Advisors Publishes Letter on Taylor Wimpey LONDON--(BUSINESS WIRE)--Elliott Advisors (UK) Limited sent the following letter to the Board of Taylor Wimpey plc today. Elliott Management Sends Letter to Board and Management of CDK Global. Elliott is prepared to push for change directly, but the far better course is for Citrix to embrace this offer of cooperation and for us to proceed collaboratively, and quickly, together." Citrix Systems said on Tuesday that it had agreed to make several changes, including . . Activist hedge fund Elliott Management Corp. has a more than $1 billion stake in Citrix Systems Inc. and wants the software company to take action to boost . That same day, Duke responded by dismissing the letter as an "attempt to push [Elliott's] short-term agenda at the expense of long-term shareholder value" and other stakeholders. Each provides a slightly different perspective on how Elliott Management pursues its campaigns. Citrix Systems (CTXS) rose 7.6% in after hours trading after a report that Elliott Management and Vista Equity Partners are considering a joint bid for the company.Talks are said to be. Elliott released a 10-page letter and 31-slide presentation in October 2016 urging Samsung to split into two companies. The Company has historically been a U.K. consumer, science, health and innovation champion, with its tens of thousands of Citrix Systems, Inc. (NASDAQ: CTXS) today issued the following statement in response to a letter to the Citrix Board of Directors from Elliott Management Corp. "Citrix has always maintained an . By Shaun Bevan - Digital Producer . Hedge fund Elliott Management has disclosed a $1.4 billion stake in IT consultancy Cognizant Technology Solutions Group and a plan for the $36 billion company to improve its operational and stock . They bought up enough Citrix stock to trigger a formally mandated 13D SEC filing and wasted no time in flexing . Irene Mitchell Dorner, Chairman Dear Members of the Board: We are writing to you on behalf of funds advised by Elliott . Jun 11, 2015. Irene Mitchell Dorner, Chairman Dear Members of the Board: We are writing to you on behalf of funds advised by Elliott . 10 December 2021 The Board of Directors Taylor Wimpey plc Turnpike Road High Wycombe HP12 3NR Attn. This page shows a list of all the recent 13D/G filings made by Elliott Associates, L.P. . Elliott Management and Vista Equity Partners are reportedly partnering to make a buyout offer for the cloud-computing company. This raises questions for customers which we set out here, along with suggestions customers should consider. After Elliott bought shares in Citrix in 2015, the hedge fund had Jesse Cohn, its head of U.S. equity activism, installed on its board of directors. Elliott tries to turn around a decade-long laggard with new real estate investment. The term "beneficial owner" is defined under SEC rules. Citrix Systems is looking for a new CEO after the enterprise software company announced this week that David Henshall, an 18-year Citrix veteran and the top executive since 2017, had stepped down and was replaced on an interim basis by Bob Calderoni, who chairs the board of directors. Elliott Associates, L.P. - Activist 13D/13G Filings. A little over 25 years ago, Citrix was a startup launched by three people from IBM and other big tech companies. Elliott Management is hoping to influence the SAP board to become more capital efficient. Citrix is not commenting on a report last week by Bloomberg that the company is evaluating whether to sell itself. Though Citrix management has made promises of "efficiency" and "focus," operating . Activist investor Elliott Management Corp. has purchased a stake of more than 10% in enterprise software maker Citrix Systems Inc., according to a new report.The Wall Street Journal reported the In the letter it made public, Elliott said it . Elliott Associates, L.P. Elliott International, L.P. Elliott International Capital Advisors Inc. 40 West 57th Street . Shares of the Fort . Agencies This is the first time an Indian IT firm is facing an onslaught from an activist hedge fund and Elliott has a number of wins under its belt. NEW YORK ( TheStreet) -- Shares of Citrix Systems ( CTXS) - Get Citrix Systems, Inc. Report were gaining 5.9% to $69.89 Thursday morning after activist investor Elliott Management sent a letter to. In a letter to the board, Elliott senior portfolio manager Jesse Cohn said the goal is achievable because Citrix has some crown jewels in its portfolio. Network Digest provides comprehensive, insightful coverage of the convergence of networking technologies. Citrix Systems Inc., up $11.40 to $95.05. Citrix has considered its options in the past. The stock was up more than 9%, to $76.01, early Wednesday afternoon. Elliott Advisors Publishes Letter on Taylor Wimpey LONDON--(BUSINESS WIRE)--Elliott Advisors (UK) Limited sent the following letter to the Board of Taylor Wimpey plc today. In June, Elliott sent a letter to the board of directors of Citrix Systems and demanded fundamental changes in the company due to its underperformance. and together with Elliott Associates, the "Investors"), on the other hand (the Investors and the Companies being referred to herein collectively as the "Parties"), is being entered into in connection with the transactions contemplated by that certain Merger Agreement, dated of even date herewith, by and among Citrix, SpinCo, LogMeIn and Lithium Merger Sub .