SecureWorks: Falls on $859 mln deal with Sophos

Secureworks

21/10/2024 15:28

** Cybersecurity firm SecureWorks  SCWX.O  shares fall 1.5%
to $8.35
    ** U.K.-based Sophos said it will acquire SCWX from DELL for
$859 mln
    ** Shareholders will receive $8.50/share, whereas last close
was $8.47
    ** Before this deal, owner Dell Technologies explored sale
of SCWX in 2019, with a then market value of close to $2 bln
    ** Including session's move, SCWX is up ~13% this year

 (Reporting by Rishi Kant in Bengaluru)
 ((Rishi.Kant@thomsonreuters.com))