LogMeIn, Citrix file for extra time to close $1.8B deal
January 25, 2017
Communication Software | Santa Clara, CA | Corporate Acquisition
Citrix Systems (NASDAQ: CTXS) and LogMeIn (NASDAQ: LOGM) have updated the timeline for LogMeIn to combine with Citrix's GoTo business in order to secure the necessary regulatory approval. However, the delays are not expected to prevent the deal from closing. The transaction is valued at approximately $1.8 billion based on shares to be issued and LogMeIn's closing price of $65.31 on July 25, the day before the merger was announced.