Darktrace Shares Jump on Takeover Talks with Thoma Bravo

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.

“This deal could make sense given Thoma Bravo’s recent activity in the cybersecurity space ...