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Exclusive Networks receives $2.38B buyout offer from CD&R and Permira

French cybersecurity firm Exclusive Networks on Tuesday said it has received a non-binding buyout offer from a group of investors led by Clayton Dubilier & Rice (CD&R) and Permira for around 2.2 billion euros ($2.38 billion), confirming media reports.

The consortium offered 24 euros per share, the group said in a statement.

Exclusive Networks, which has a market cap of 2 billion euros, added that at this stage there was no certainty on the terms and timing of the deal, nor whether the talks would result in any transaction.

Exclusive Networks shares were up more than 8% following the news which Bloomberg first reported on Monday. Reuters

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