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SecureWorks (NASDAQ:SCWX) surged by an impressive 23% following reports that majority-owner Dell Technologies (DELL) is revisiting the idea of selling the cybersecurity firm after previous attempts fell short.
Dell (DELL) has enlisted the help of Morgan Stanley and Piper Sandler to gauge interest from potential buyers, as indicated by a Reuters report released on Thursday, drawing on insights from well-informed sources. Notably, prospective buyers may include private equity entities.
Having an ownership share of 79.2% in SecureWorks (SCWX), Dell is not obliged to proceed with the sale of the cybersecurity company and could opt to retain its control.
Scheduled to unveil its Q2 outcomes after the market closes on Thursday, the situation remains fluid.
This narrative continues to evolve…