Citrix To Spin Off Its GoTo Business
As some predicted on Wall Street, Citrix Systems (CTXS) announced plans late Tuesday to spin off its GoTo products into a separate, publicly traded company. The transaction, intended to be a tax-free spinoff to Citrix shareholders, is expected to be completed in the second half of 2016. Citrix said the decision follows a “thorough review of strategic alternatives.” Citrix says the move will let it and the company established by the spinoff improve