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Investing.com — Shares in U.K. cybersecurity company Darktrace (LON:DARK) plummeted in early trading on Thursday in London after U.S. private equity group Thoma Bravo decided not to go ahead with a possible takeover.
Darktrace stock fell 30% on the news, more than reversing the leap it had made when Thoma Bravo had first announced its interest in the company in August.
The news overshadowed Darktrace’s release of full-year results for the 12 months through June, which showed solid growth and profitability in its core businesses.
