Hedge Fund Acquires 7% Stake in Citrix

(Sun Sentinel) A New York hedge fund has acquired 7.1 percent of Fort Lauderdale-based Citrix Systems’ shares and has requested a meeting with the board about operational changes it believes would improve the software company’s stock price.

Elliott Management Corp. is an activist fund that has pressed for change in technology businesses including BMC, Informatica, Brocade, Riverbed and Juniper.

To See The Entire Story: www.sun-sentinel.com

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply