Cloudera agrees to be acquired by investment firms — Clayton, Dubilier & Rice (CD&R) and KKR.
The deal values the company at $5.3 billion or $16/share, a 24% premium to the closing price on May 28, 2021.
The transaction is expected to be completed in the second half of the year.
Cloudera Inc. (NYSE: CLDR), a provider of enterprise data cloud platform, announced today that it has entered into a definitive agreement to be acquired by investment firms — Clayton, Dubilier & Rice (CD&R) and KKR. This will be an all-cash transaction. The deal values the company at $5.3 billion, which equates to $16 per share, representing a 24% premium to the closing price as of May 28, 2021.