SecureWorks Agrees to Be Acquired by Sophos for $859 Million; Shares Halted Pre-Bell

MT Newswires Live
21 Oct 2024

SecureWorks (SCWX) said Monday that it has agreed to be acquired by British cybersecurity company Sophos for approximately $859 million in cash.

Under the terms of the deal, Secureworks shareholders will receive $8.50 per share in cash, which it said represents a 28% premium to the unaffected 90-day volume-weighted average price.

The companies said the acquisition is expected to close in early 2025.

Trading in shares of SecureWorks has been halted and is expected to resume at 9:10 am ET.

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