secwatch.observer — SEC 8-K summary
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Issuer:     SecureWorks Corp (—)
CIK:        0001468666
Form:       8-K
Filed at:   2025-02-03T23:59:59+00:00
Accession:  0000950142-25-000239
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sophos completes acquisition of SecureWorks for $859M; $8.50/share cash, premium 28%
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- All-cash transaction valued at ~$859M; SecureWorks shareholders receive $8.50 per share (28% premium to 90-day VWAP).
- SecureWorks common stock ceased trading on Nasdaq; company becomes wholly owned subsidiary of Sophos (backed by Thoma Bravo).
- Board of directors replaced: Michael Dell, William Cary, and others resigned; Donald Blach, James Dildine, Ira Heffan, Joseph Levy appointed.
- Sophos now claims to be the leading pure-play MDR provider, supporting >28,000 organizations globally.
- Credit agreement with Dell USA L.P. terminated concurrently with closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1468666/000095014225000239/0000950142-25-000239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1468666/000095014225000239/eh250585750_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950142-25-000239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer