Darktrace PLC on Monday confirmed that it is in early stages of discussions with Thoma Bravo LP on a possible cash offer for the Cambridge-based cybersecurity company.

Under the City Code on Takeovers & Mergers, Chicago, Illinois-based private equity firm Thoma Bravo has until September 12 to make a firm offer for Darktrace, or state that it will not be making an offer.

Darktrace stressed that there was no guarantee that any offer will be made.

Shares in Darktrace closed down 1.2% at 421.20 pence on Monday in London, with a market capitalisation of £2.80 billion.

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