Business
Evening Standard
Cybersecurity firm Darktrace today became the latest business to quit the London Stock Exchange after it unveiled a $5.3 billion deal to be acquired by US private equity firm Thoma Bravo. The offer of 620p per share represents a 20% premium on yesterday’s closing share price and marks a rekindling of the firm’s relations with Thoma Bravo with whom it had entered into informal takeover talks in 2022 before discussions were abandoned. Cambridge-based Darktrace, which first listed on the LSE in 2021, today lashed out at the sorry state of the London public markets, complaining that its financial achievements “had not been reflected commensurately in its valuation” with its shares being consistently undervalued relative to US peers.
BusinessPA Media: Tech
BusinessEvening Standard
BusinessEvening Standard
