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Income & Growth VCT to sell AppDNA stake to Citrix.
(From M&A Navigator)
MANAVIGATOR-October 26, 2011-Income & Growth VCT to sell App-DNA stake to Citrix (C)2011 M2 COMMUNICATIONS http://www.m2.com
26 October 2011 - British venture capital trust The Income & Growth VCT plc (LON:IGV) said today it will dispose of its investment in software developer App-DNA Group Ltd to US technology solutions company Citrix Systems Inc (NASDAQ:CTXS) for up to GBP16.4m (USD26.2m/EUR18.8m). Citrix will pay USD92m (EUR66m) for all of App-DNA, Income & Growth said. As a result, the venture capital trust will receive an initial sum of about GBP14.6m, which is an increase …
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