The latest update is out from SecureWorks ( (SCWX) ).
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SecureWorks Corp. announced the acceleration of certain restricted stock units (RSUs) for its CFO, Alpana Wegner, in anticipation of the company’s merger with Sophos Inc., a move designed to address potential tax implications under Sections 280G and 4999 of the Internal Revenue Code. This strategic decision aims to preserve corporate tax deductions and mitigate excise tax liabilities, indicating a proactive approach in managing the financial impacts related to the merger, which is facilitated by Thoma Bravo affiliates.
More about SecureWorks
SecureWorks Corp. is a cybersecurity company that provides a range of security solutions, focusing on protecting organizations from cyber threats and attacks. It operates in the cybersecurity industry and offers services such as threat detection and response, compliance management, and risk consulting.
YTD Price Performance: 14.77%
Average Trading Volume: 275,760
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $752.9M
See more data about SCWX stock on TipRanks’ Stock Analysis page.
