Citrix Announces Expiration of Hart-Scott-Rodino Waiting Period Regarding Sequoia Acquisition.Business Editors FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--April 20, 2001 Citrix Systems, Inc. (Nasdaq:CTXS CTXS Citrix Systems (NASDAQ stock ticker symbol) ) is pleased to announce that the waiting period imposed by the Hart-Scott-Rodino Antitrust Improvement Acts of 1976 in connection with Citrix's proposed acquisition of Sequoia Software Corporation has expired. The tender offer for all outstanding shares of Sequoia common stock by a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Citrix is scheduled to expire at midnight, eastern time, on Wednesday, April 25, 2001. About Citrix Citrix Systems, Inc. is a global leader in application serving software and services that extend the "Virtual Workplace" everywhere by providing secure, reliable access to applications and information, and a consistent user experience, on any device or network connection. Citrix solutions enable organizations of all types to deliver business applications to users with greater manageability, flexibility and cost-effectiveness. The company's products, including Citrix MetaFrame(TM) application server software, Citrix NFuse(TM) application portal software and Citrix Independent Computing Architecture Independent Computing Architecture (ICA) is a proprietary protocol for an application server system, designed by Citrix Systems. The protocol lays down a specification for passing data between server and clients, but is not bound to any one platform. (ICA Ica (ē`kä), city (1993 pop. 108,724), capital of Ica dept., SW Peru, on the Pan-American Highway. It is a commercial center for the cotton, wool, and wine produced in the region. There are several summer resorts nearby. (R)), a core application serving technology, have been widely adopted by the corporate mainstream to achieve key business goals. Headquartered in Fort Lauderdale, Fla., Citrix markets its solutions worldwide through value-added resellers, system integrators, consulting firms and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and licensees. Citrix is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. (SM) under the symbol CTXS and is part of the Standard & Poor's 500 Index. For more information, please visit the Citrix Web site at http://www.citrix.com. Citrix(R), ICA(R), MetaFrame(TM) and NFuse(TM)are registered trademarks or trademarks of Citrix Systems, Inc. in the U.S. and other countries. All other trademarks and registered trademarks are property of their respective owners. |
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