SANTA CLARA, Calif., October 8, 2021 - Cloudera, the enterprise data cloud company, today announced the successful completion of its previously announced agreement to be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R") and KKR in an all cash transaction valued at approximately $5.3 billion. Cloudera has announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash transaction valued at approximately $5.3 billion. Bragar Eagel & Squire, P.C. | Cloudera, Inc. Termination.This Agreement shall terminate and shall have no further force or effect as of the earlier to occur of (i) receipt of the Requisite Cloudera Stockholder Approval, (ii) the date the Merger Agreement shall have been validly terminated pursuant to Article IX thereof (the "Expiration Date") and (iii) a Cloudera Board Recommendation Change due to Cloudera receipt of a Superior . However, when adjusting for stock-based compensation and change in deferred revenue, Cloudera's pro forma cash adjusted leverage is more moderate at approximately 8x. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. Already trending downward by 2019, Cloudera completed a $5 billion all-stock merger with its biggest rival, Hortonworks, that January. The Board of Directors of Cloudera (the "Board") has unanimously approved the. The price per share of Cloudera common stock on the New York Stock Exchange as of the close of trading on November 15, 2019 was $8.76 per share. Cloudera, Hortonworks merge into amorphous data-managing ... Pursuant to the merger agreement, Cloudera stockholders will receive $16 in cash for each share of Cloudera common stock owned. Cloudera and Hortonworks announce $5.2 billion merger Over the years, Hadoop, the once high-flying open-source platform, gave rise to many companies and an ecosystem of vendors emerged. Announced on Tuesday, the enterprise data cloud management firm said that the purchase,. Cloudera Enters into Definitive Agreement to be Acquired ... Cloudera shares were marked 24.4% higher in pre-market trading Tuesday to indicate an opening bell price of $16.00 each, a move that would peg the stock's year-to-date gain at around $14%. Cloudera - Growth Stock for 2021. . Cloudera's Takeover Offer Is Too Cheap Domo stock rose 21%, and Cloudera stock dropped 20%. Lied about their products andhad to do a merger to stay afloat. In a joint press release, Cloudera and Hortonworks described their deal as "an all-stock merger of equals" -- but one company is slightly more equal than the other. Cloudera To Be Acquired for $5.3 Billion | icrunchdata Cloudera Stock Prediction: The Bottom Line. The Board of Directors of Cloudera (the "Board") has unanimously approved the transaction and recommends that the Cloudera shareholders approve the transaction and adopt the merger agreement. Cloudera and Hortonworks jointly announced that they have entered into a definitive agreement under which the companies will combine in an all-stock merger of equals.. Also: Cloudera, Hortonworks . SANTA CLARA, Calif., June 1, 2021 /PRNewswire/ -- Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by Cloudera's platform works across hybrid, multi-cloud and on-premises architectures and provides multi-function analytics . . Amended Statement of Changes in Beneficial Ownership (4/a) Cloudera and Hortonworks merger means Hadoop's influence ... Cloudera Sued by Pension Fund Eyeing $5.3 Billion Deal ... CLDR Cloudera Inc Amended Statement of Changes in Beneficial Ownership (4/a) . Here's what Wall Street says about Domo's strategy and the Cloudera-Hortonworks merger. Posted by 10 months ago. June 1, 2021 - 7:02 am. Cloudera's stock (NYSE:CLDR) rose as much as 15 percent to around $19.66 when the deal was announced after the close of the markets. Cloudera, Inc. and Hortonworks, Inc. announced on Wednesday that they are combining in an all-stock merger of equals, a deal worth $5.2 billion. The company will be under pressure to prove that its merger with Hortonworks is capable of generating real value. . On October 3, 2018, big data rivals Cloudera and Hortonworks announced their mutual agreement to combine in an all-stock merger. Report Save. As . It also makes the $5.3 billion offer for CLDR stock way too cheap at just 6.6 times FCF.More From InvestorPlace Stock . Cloudera HortonWorks Stock Forecast:Applications for smart machines are virtually unlimited, and there have already been significant strides in fields ranging from cybersecurity to manufacturing.The foundation of true artificial intelligence is a machine's ability to learn. Cloudera, an enterprise data cloud company, entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice (CD&R) and KKR in an all-cash transaction valued at approximately $5.3 billion. The two businesses had trouble integrating and, by June, CEO . Shares of Cloudera rallied 14% after hours, following a 1.1% rise to close at $17.08, and Hortonworks shares surged 13% following a brief halt, after having closed up 1.8% at $21.88. NEW ORLEANS, June 17, 2020 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, provides the following update on the securities class action lawsuit against Cloudera, Inc. (NYSE . The $5.3b offer for CLDR stock is too cheap at just 6.6 times FCF. Cloudera has completed its planned US$5.2 billion merger with Hortonworks, creating an open-source powerhouse to build the industry's first enterprise data cloud in the process. 9. Cloudera has agreed to be acquired by Clayton, Dubilier & Rice (CD&R) and KKR in a deal worth $5.3 billion. Latest product and financials prove that the merger with Hortonworks has been a success. The merger will create the world's leading next-generation data platform provider and establish the industry standard for hybrid cloud data management, accelerating customer adoption, community development, and partner engagement. J.P. Morgan, Bank of America and KKR Capital Markets . As per the terms of the transaction agreement, Hortonworks stockholders will own around 40% of the combined equity while Cloudera stockholders will have 60%. Cloudera Inc. (CLDR) and Hortonworks Inc. (HDP) have agreed to combine themselves in an all-stock merger of equals. Following the report about takeover bids, Cloudera stock soared as much as 22% on Tuesday. Earlier this month, Cloudera and Hortonworks announced an all-stock merger at a combined value of around $5.2 billion. Cloudera, Hortonworks Merger Will Create New Data Platform. Bearden formerly led Hortonworks, a competitor to Cloudera prior to the two firms' merger in 2019. Description 2.1 Agreement and Plan of Merger, dated as of June 1, 2021, by and among Cloudera, Inc., Sky Parent Inc. and Project Sky Merger Sub Inc. (incorporated by reference to Exhibit 2.1 to Cloudera, Inc.'s Current Report on Form 8-K, filed June 1, 2021). Cloudera, while having established itself with the Hortonworks merger as the dominant Hadoop company, faces challenges on a few fronts. Common Stock, par value $0.00005 per share CLDR New York Stock Exchange . It went public at $15 a share in April 2017 and dropped to as . They also announced a definitive agreement under which the companies will combine in an all-stock merger of equals. Not a lot of growth. The tie-in, which will take Cloudera's name and be headed up by Cloudera boss Tom Reilly, comes as the two firms face new competition in the data management market. As the company's recent restructuring and integration expenses roll off, cash adjusted leverage will decline toward 7x. "Exchange Ratio") newly issued shares of common stock (the "Cloudera Common Stock"), par value $0.00005 per share, of Cloudera (the "Hortonworks Common Stock Merger Consideration"). The lawsuit was filed in Delaware Chancery Court by the Local 464A United Food and Commercial Workers Union Pension Fund, which . "Today, we start an exciting new chapter for Cloudera as we become the leading enterprise data cloud provider," said Tom Reilly, chief executive officer of Cloudera. On Wednesday, Cloudera and Hortonworks announced a "merger of equals," where Cloudera is acquiring Hortonworks with stock so that Cloudera shareholders end up with 60 percent of the combined . The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. CLDR, Financial), allocating it to 2.09% of the equity portfolio.During the quarter, the stock traded for an average price of $15.87 per share. I hope it runs So I can stop selling for a loss and get some of those losses back. Shortly thereafter, Hortonwork's shareholders approved the merger, although by a smaller margin, with 60 million voting in favor and one million against. In combining the two entities, the companies believe they can provide a superior unified platform that benefits from both of their . The agreement also includes a 30-day 'go-shop' period expiring on . Share. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. Analysts have argued that this merger is aimed at increased competition that both It's official - Cloudera (NYSE: CLDR) and Hortonworks (NASDAQ: HDP), two of the most prominent web-based data storage and analytics providers, have jointly announced that they will be combining in an all-stock merger of equals, valued at $5.2 billion. 6. Close. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. If you have information relating to this case, are a Cloudera shareholder, or a former Hortonworks shareholder who acquired Cloudera stock in the Merger, you may, without obligation or cost to you . A pension fund sued Cloudera Inc. in Delaware, seeking to investigate its $5.3 billion take-private sale to KKR & Co. and Clayton Dubilier & Rice LLC over concerns that billionaire activist investor Carl Icahn pushed the cloud computing company into a bad deal.. 3. Cloudera Inc had high aspirations in the big data analytics space, especially after its colossal all-stock $5.2-billion merger with rival cloud data play Hortonworks, Inc in 2018. Former Hadoop rivals Cloudera and Hortonworks have completed their merger after shareholders approved the plans at the end of 2018. On June 1, 2021, Cloudera announced that it had signed an agreement to be acquired by CD&R and KKR for approximately $5.3 billion. The Santa Clara, California-based software company, which provides a cloud-based platform for data engineering, data warehousing, machine learning and analytics, has a $4.74 billion market cap; its shares were trading around $15.99 on Tuesday with a . At the close, Cloudera shares were 18.69% up, at $12.00. This implies $723 m in FCF by 2022. SANTA CLARA, Calif., June 1, 2021-- Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R") and KKR in an all cash transaction valued at approximately $5.3 billion.The transaction will result in Cloudera becoming a . SANTA CLARA, CA, June 1, 2021 — Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice ("CD&R") and KKR in an all cash transaction valued at approximately $5.3 billion. The merger was approved and subsequently consummated before the open on October 8, 2021. Cloudera and Hortonworks skyrocketed on a merger deal.Marijuana stock . Copy. Archived. A couple of neighboring Silicon Valley data platform makers who have been competing in the Hadoop data storage and analytics market are . No fractional shares of Cloudera Common Stock will be issued in the Merger, and Hortonworks stockholders will receive cash in lieu of fractional shares as for 812,491 shares of the common stock of Hortonworks, Inc., a Delaware corporation ("HDP") on the closing of the merger on January 3, 2019 (the "Closing") pursuant to the Agreement and Plan of Merger and Reorganization dated October 3, 2018 (the "Merger Agreement . That's not a deeply negative number for a $16-ish stock.. Cloudera, Inc. (NYSE: CLDR) and Hortonworks, Inc. (Nasdaq: HDP) jointly announced today that they have entered into a definitive agreement under which the companies will combine in an all-stock . Cloudera, Hortonworks Spike After Report Of All-Stock Merger Cloudera ( CLDR) and Hortonworks ( HDP) have entered into a definitive agreement under which the companies will combine in an "all-stock. Cloudera CEO Tom Reilly Announces Exit, Stock Plunges. Description 2.1 Agreement and Plan of Merger, dated as of June 1, 2021, by and among Cloudera, Inc., Sky Parent Inc. and Project Sky Merger Sub Inc. (incorporated by reference to Exhibit 2.1 to Cloudera, Inc.'s Current Report on Form 8-K, filed June 1, 2021). Among the 11 analysts covering the stock, four recommend a buy or some. Cloudera (CLDR) Stock: Rockets On Merger News October 4, 2018 by Joshua Rodriguez Cloudera Inc (NYSE: CLDR ) is having an incredibly strong start to the trading session in the pre-market hours . Clouds gather as Cloudera and Hortonworks settle on uneven merger $5bn deal sends stock market Hadoop over heels. The Board of Directors of Cloudera (the "Board") has unanimously approved the transaction and recommends that the Cloudera shareholders approve the transaction and adopt the merger agreement. A pension fund sued Cloudera Inc. in Delaware, seeking to investigate its $5.3 billion take-private sale to KKR & Co. and Clayton Dubilier & Rice LLC over concerns that billionaire activist investor Carl Icahn pushed the cloud computing company into a bad deal.. These are the details. Cloudera and Hortonworks announce $5.2 billion merger Ron Miller 3 years Over the years, Hadoop, the once high-flying open-source platform, gave rise to many companies and an ecosystem of vendors . The lawsuit was filed in Delaware Chancery Court by the Local 464A United Food and Commercial Workers Union Pension Fund, which . It's not a sexy company. 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