Big Data Company Cloudera To Go Private In $5.3 Billion Deal

Big Data Company Cloudera To Go Private In $5.3 Billion Deal
Cloudera is being acquired by private equity investment companies CD&R and KKR for $16.00 per share with the transaction expected to close by the end of 2021.
By
Rick Whiting June 01, 2021, 01:04 PM EDT
Cloud data management company Cloudera is being taken private in a $5.3 billion acquisition deal by private equity firm Clayton, Dubilier & Rice (CD&R) and global investment company KKR, Cloudera said Tuesday.
Under the definitive agreement Cloudera shareholders will be paid $16.00 per share in cash, which the company said represents a 24 percent premium to the May 28 closing price of the company’s stock and a 30 percent premium to the 30-day volume weighted average share price.

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