Citrix Systems Inc. said it entered into an accelerated share repurchase transaction with Goldman Sachs & Co. LLC to repurchase 6.5 million common stocks for $750.0 million.
The deal is based on the current market price of the stocks though it may be adjusted under the agreement. The exact number of shares repurchased will depend on the final price.
The transaction, which is part of Citrix Systems' $2 billion share purchase program approved by its board of directors in November 2017, is expected to conclude in April.
