Darktrace stock collapses 30% after takeover talks end

Shares in U.K cybersecurity company Darktrace UK:DARK dipped over 30% on Thursday morning after talks with U.S. private equity firm Thoma Bravo fell through.

Early London trading saw Darktrace’s stock hit lows of 352.83 pence per share after it said that an agreement with Thoma Bravo “could not be reached on the terms of a firm offer”. The share price drop was well below the troughs of its post-IPO peaks last year, where shares climbed to 358 pence per share, a 43% increase from its IPO pricing of 250 pence.

In its fiscal year to June 30 results, Darktrace swung to a profit of $1.46 million after losing $145.8 million the prior year.

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tuesday, Sept. 6, 2022: The Club is adding more shares of this beaten-up tech nameJeff Marks shares why he thinks now is the time to buy stocks you have had your eye on. He also goes in-depth on the software stock he and Jim Cramer just bought more shares of in the portfolio and why they are selling some of this energy name. Yep.... keep trying to pick bottoms Of course....call it scaling into the downtrend Not advice
Source: CNBC - 🏆 12. / 72 Read more »