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Darktrace Shares Jump on Takeover Talks with Thoma Bravo

Aug. 16, 2022, 7:40 AM

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 ...