Cybersecurity firm Darktrace confirms preliminary approach from Thoma Bravo

By systems On Aug 15, 2022

A padlock icon, indicating an encrypted Internet connection, is seen on the Internet Explorer browser in a photo illustration in Paris April 15, 2014. REUTERS/Mal Langsdon/

Aug 15 (Reuters) – British cyber security company Darktrace Plc ( DARK.L ) said on Monday it was in early stages of talks with technology investment firm Thoma Bravo about a possible cash offer.

Darktrace said talks were at a preliminary stage and there could be no certainty about the offer or its terms.

Under the city’s Takeovers and Mergers Code, Thoma Bravo has until Sept. 12 to announce a firm intention to make an offer or say it will leave.

Thoma Bravo declined to comment.

Reporting by Rachna Dhanrajani in Bengaluru Editing by Matthew Lewis and Rosalba O’Brien

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