France’s Exclusive Networks Gets €2.2 Billion Buyout Offer (1)

An investor group backed by Clayton Dubilier & Rice and Permira has made a non-binding offer to take French cybersecurity company Exclusive Networks SA private at a value of about €2.2 billion ($2.4 billion).

Investors would get €24 a share under the terms of the deal being discussed, Exclusive Networks said in a statement Tuesday, confirming an earlier Bloomberg News report. Talks are ongoing and there’s no guarantee they’ll lead to a deal, the company said.

The private equity consortium has lined up financing to potentially buy out minority shareholders in Exclusive Networks, people familiar with the matter had said, ...