IT software provider N-Able rises on Reuters report of potential sale

N-Able

29/05/2024 15:03

** Shares of IT software provider N-Able  NABL.N  up 6.52%
at $13.44 after report by Reuters News of the co exploring a
sale
    ** The co, which has a market cap of $2.3 bln, has attracted
acquisition interest from private equity firms and industry
peers
    ** One of its suitors is cybersecurity company Barracuda
Networks, which is owned by buyout firm KKR  KKR.N , Reuters
News reported, adding that a deal is not certain
    ** Shares of the co have gained 100.5% in past 12 months

 (Reporting by Ananta Agarwal in Bengaluru)
 ((Ananta.Agarwal@thomsonreuters.com))