Dell Technologies (DELL) is again exploring a possible sale of SecureWorks (SCWX) after unsuccessful earlier attempts to find a buyer for the U.S. cybersecurity firm, people familiar with the matter told Reuters’ Milana Vinn. Dell has tapped investment bankers at Morgan Stanley and Piper Sandler to gauge takeover interest from potential acquirers, which include private equity firms, the report said. Shares of SecureWorks are up over 23% in afternoon trading.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DELL:
- Morgan Stanley Lowers Dell’s (NYSE:DELL) Price Target amid AI Server Delays
- Options Volatility and Implied Earnings Moves Today, August 29, 2024
- Super Micro (SMCI) Faces Manipulation Allegations, But Future Is Bright
- Super Micro Computer (NASDAQ:SMCI) Plummets on Annual Report Filing Delay
- Supermicro concerns may help Dell gain AI server share, says Evercore ISI