Citrix Systems (CTXS) PT Raised to $78 at Nomura Amid Activist Stake
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Elliott Sends Letter to Citrix Board of Directors
June 11, 2015 8:38 AM EDTLooks 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
NEW YORK--(BUSINESS WIRE)-- Today, Elliott Management Corporation (Elliott) holder of 7.1% of Citrix Systems (NASDAQ: CTXS) stock, sent the following letter to the Board of Directors of Citrix:
June 11, 2015
The Board of DirectorsCitrix Systems, Inc.851 West Cypress Creek RoadFort Lauderdale, FL 33309Attn: Thomas Bogan, ChairmanAttn: Mark Templeton, CEO
Dear Thomas, Mark and Members of the Board:
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