Exclusive Networks confirms buyout talks with CD&R and Permira (updated)

Exclusive Networks SAS

09/07/2024 09:36

(Adds detail in paragraphs 1-3, share move in paragraph 4)
       July 9 (Reuters) - French cybersecurity firm Exclusive
Networks  EXN.PA  on Tuesday said it has received a non-binding
buyout offer from a group of investors led by Clayton Dubilier &
Rice (CD&R) and Permira for around 2.2 billion euros ($2.38
billion), confirming media reports.
    The consortium offered 24 euros per share, the group said in
a statement. 
    Exclusive Networks, which has a market cap of 2 billion
euros, added that at this stage there was no certainty on the
terms and timing of the deal, nor whether the talks would result
in any transaction. 
    Exclusive Networks shares were up more than 8% following the
news which Bloomberg first reported on Monday. 
        ($1 = 0.9244 euros)

 (Reporting by Dagmarah Mackos; editing by Jason Neely)
 ((dagmarah.mackos@tr.com))