Citrix Completes Spin-Off and Merger of GoTo Family of Service Offerings with LogMeIn
February 01 2017 - 8:00AM
Business Wire
Citrix Systems, Inc. (Nasdaq: CTXS) today announced that it has
completed the spin-off and merger of its GoTo family of service
offerings with LogMeIn, Inc. (Nasdaq: LOGM). As a result of these
transactions, in addition to retaining the shares of Citrix common
stock they currently own, Citrix stockholders will receive
approximately 0.1718 of a share of LogMeIn common stock for each
share of Citrix common stock that they owned of record as of
January 20, 2017. No fractional shares of LogMeIn will be issued,
and Citrix stockholders will instead receive cash in lieu of any
fractional shares. No action is required by Citrix stockholders to
receive their shares of LogMeIn common stock in the merger.
About Citrix
Citrix (NASDAQ:CTXS) aims to power a world where
people, organizations and things are securely connected and
accessible to make the extraordinary possible. Its technology
makes the world’s apps and data secure and easy to access,
empowering people to work anywhere and at any time. Citrix provides
a complete and integrated portfolio of Workspace-as-a-Service,
application delivery, virtualization, mobility, network delivery
and file sharing solutions that enables IT to ensure critical
systems are securely available to users via the cloud or on-premise
and across any device or platform. With annual revenue in 2016 of
$3.42 billion, Citrix solutions are in use by more than 400,000
organizations and 100 million users globally. Learn more
at www.citrix.com.
Forward-looking Statements
This release contains forward-looking statements that are made
pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. The forward-looking statements in this release do not
constitute guarantees of future performance. Any statements
contained herein which do not describe historical facts are
forward-looking statements. These forward-looking statements
involve risks and uncertainties which could cause actual results to
differ materially from these forward-looking statements. These
risks and uncertainties include, but are not limited to, risks
associated with the future performance of core Citrix, failure to
achieve the expected strategic, operational and competitive
benefits of the separation of the GoTo business, and the effect of
the separation on Citrix, its shareholders, customers, partners and
employees, as well as economic, competitive, legal, governmental
and technological factors and other risks and uncertainties
described in Citrix’s filings with the Securities and Exchange
Commission, including under the caption “Risk Factors” in Citrix’s
Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q. Investors are cautioned not to place undue
reliance on the forward-looking statements included herein, as such
statements are made as of the date hereof and Citrix undertakes no
obligation to publicly update or revise any forward-looking
statement unless required to do so by securities or other
applicable laws.
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version on businesswire.com: http://www.businesswire.com/news/home/20170201005109/en/
Citrix Systems, Inc.For media inquiries, contact:Eric
Armstrong, 954-267-2977eric.armstrong@citrix.comorFor
investor inquiries, contact:Eduardo
Fleites, 954-229-5758eduardo.fleites@citrix.com
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