RE: Takeover Approach22 Feb 2023 19:16
When Darktrace reported last year that they had been approached by Thomas Bravo for a buyout at 530, the SP spiked to that level and stayed there until the expiry of 1 month when they walked away, and then it tanked.
So even though they have rejected the offer, it could well spike somewhat tomorrow , and sit at a level until March 22nd, leaving a month for any other bidders to play their hand.
When you think about, despite not yet returning to positive FCF, but with the debt significantly reduced, significant contracts being awarded as today, this has to be a major TO target with multi bagger written all over on 2-5 year time frame.