French cybersecurity firm Exclusive Networks has confirmed receiving a non-binding buyout offer from a consortium led by Clayton Dubilier & Rice (CD&R) and Permira. The proposed deal values Exclusive Networks at approximately 2.2 billion euros ($2.38 billion), with the consortium offering 24 euros per share.

Despite the offer, Exclusive Networks, which has a market capitalization of 2 billion euros, stated that there is no certainty regarding the terms, timing, or even the completion of the transaction. The announcement follows media reports, initially by Bloomberg, which led to an over 8% increase in Exclusive Networks' share price.

The company emphasized that discussions are ongoing and no definitive agreement has been reached. The exchange rate at the time of reporting was $1 to 0.9244 euros.

(Reporting by Dagmarah Mackos; editing by Jason Neely)