The final decision may not have been agreed upon yet but the potential sale of Citrix Systems, Inc. (NASDAQ:CTXS) is likely to bring to an end a campaign by Elliott Management’s Paul Singer. The conclusion pertaining to the sale of business stems from a 2015 settlement between Elliott Management and the software developer. The deal also dictated the inclusion of activist fund’s star technology partner, Jesse Cohn, to the company’s board.

Several firms are said to have submitted their purchase interest bids among them Thoma Bravo, Carlyle Group and Bain Capital. However, the advisor of the private equity firms pursuing the purchase of Citrix remains unknown.

The consideration of a spinoff of the company’s GoTo line of products

Among the many things that the company would include in the deal was either a sale or a spinoff of one of its units. The GoTo line of products, which takes on the video conferencing, was in view and according to the activist, its sale would allow the company to refocus on its primary objectives.

Not long after this thought, the unit was spun off. At a cost of $1.8 billion, a merger was formed with business conferencing and communications business LogMeln LOGM.

The move presents a lot cleaner story to buyers

The idea of spinning off of the GoTo unit came after an endorsement by a transactions committee was called for. First it would make it easier to think about the acquisition of Citrix and secondly, it would give a clearer picture of the company’s operations to the buyers. According to Mizuho’s Abhey Lamba, the arrangement would also necessitate the climbing of the cost per share from the current trading price of $87.04 to $100.

However, since the conclusion of the standstill agreement, Citrix has been engaging in strategic and operational reviews. It is also rumored that the company may have retained its legal adviser; Skadden Arps Slate Meagher & Flom LLP. It is also worth noting that its shares have also had a significant rise in recent months.

Citrix’s stock closed at $87.05 witnessing an increase of $5.76 or 7.09%.