In this photo illustration a DarkTrace logo is displayed on a smartphone with stock market percentages in the background.on Friday announced it had agreed a sale to U.S. private equity giant Thoma Bravo, for an all-cash offer of $5.315 million.Investors are set to receive $7.75 in cash for each share held, under the terms recommended by the board.
Darktrace specifically referenced its belief that it is undervalued in the U.K. as a reason for the sale. In a statement, it said its board believes the firm's operational and financial "achievements" are not reflected in its valuation and that shares are trading "at a significant discount to its global peer group."
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