SecureWorks Agrees to Sale to Peer Sophos for $859 Million

Dow Jones

Oct 21, 2024

By Sabela Ojea

SecureWorks has agreed to be acquired by U.K.-based competitor Sophos in an all-cash transaction valued at $859 million.

The security solutions companies on Monday said they reached a definitive agreement for the sale of SecureWorks under which SecureWorks shareholders, including Dell Technologies, would receive $8.50 per share in cash.

The price of the takeover represents a 28% premium to the unaffected 90-day volume-weighted average price.

The transaction is expected to close in early 2025, subject to customary closing conditions

Overall, Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers, the companies said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

October 21, 2024 09:17 ET (13:17 GMT)

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Overall, Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers, the companies said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4097":"系统软件","SCWX":"SecureWorks Corp"},"translate_title":"SecureWorks同意以8.59亿美元的价格出售给同行Sophos","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCWX":1},"content_text":"By Sabela Ojea \n\n\n \n\n\n  SecureWorks has agreed to be acquired by U.K.-based competitor Sophos in an all-cash transaction valued at $859 million. \n\n\n  The security solutions companies on Monday said they reached a definitive agreement for the sale of SecureWorks under which SecureWorks shareholders, including Dell Technologies, would receive $8.50 per share in cash. \n\n\n  The price of the takeover represents a 28% premium to the unaffected 90-day volume-weighted average price. \n\n\n  The transaction is expected to close in early 2025, subject to customary closing conditions \n\n\n  Overall, Sophos intends to integrate solutions from both companies into a broader and stronger security portfolio for all small, mid- and enterprise customers, the companies said. \n\n\n \n\n\n  Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 21, 2024 09:17 ET (13:17 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}