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Update: Market Chatter: Dell Technologies Trying to Find Buyer for SecureWorks
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Update: Market Chatter: Dell Technologies Trying to Find Buyer for SecureWorks
Aug 31, 2024 11:57 AM

10:07 AM EDT, 08/30/2024 (MT Newswires) -- (Updates with the company's response in the last paragraph.)

Dell Technologies ( DELL ) is trying to sell SecureWorks ( SCWX ) again following earlier failed attempts, Reuters reported Thursday, citing people familiar with the matter.

The computer maker has engaged investment bankers at Morgan Stanley and Piper Sandler to explore takeover interest from potential buyers including private equity firms, the sources told Reuters.

Dell acquired SecureWorks ( SCWX ) for $612 million in 2011 before publicly listing its shares in 2016. Dell currently owns 79.2% of the company, Reuters reported, citing recent filings.

SecureWorks ( SCWX ) and Dell declined to comment.

The company's shares were up 2.7% in recent Friday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 112.68, Change: +1.94, Percent Change: +1.75

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