Cybersecurity
Darktrace Shares Jump on Takeover Talks with Thoma Bravo
- Shares jump as much as 19% in London trading on Tuesday
- Thoma Bravo must announce plans to make a bid by Sept. 12
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Shares of Darktrace Plc surged after the UK cybersecurity company said it’s in early discussions with private equity firm Thoma Bravo LP about a possible takeover.
The buyout firm must announce whether it plans to make a bid by Sept. 12, and there’s no certainty that any offer will be made, Darktrace said in a statement on Monday. The company said that it has received “a number of preliminary and conditional proposals,” and that the discussions with the private equity firm are for a cash offer.