Citrix receives the green light from competition authorities to delist and merge with Tibco.
Citrix announced earlier this year that it was being acquired by Vista Equity Partners and Evergreen Coast Capital for $16.5 billion.
In that deal, shareholders would receive $104 a share, thirty percent more than the most recent stock price.
The intention is to merge Citrix with Tibco, and with the regulatory hurdles behind us, this plan can go ahead. However, exactly what that will look like is unclear.
Tibco mainly focuses on business intelligence, Citrix on virtualization of, among other things, desktop environments.