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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