CLDR Stock Price: Over 20% Increase Pre-Market Explanation

By Amit Chowdhry ● June 1, 2021
  • The stock price of Cloudera Inc (NYSE: CLDR) increased by over 20% pre-market. This is why it happened.

The stock price of Cloudera Inc (NYSE: CLDR) increased by over 20% pre-market. Investors are responding positively to reports that KKR & Co. and Clayton Dubilier & Rice LLC are closing in on a deal to take Cloudera private at a $4.7 billion valuation.

The deal could be finalized today at a price of about $16 per share, according to Bloomberg. That would be a 24% premium to the previous close of $12.86.

Cloudera has reportedly been exploring potential sales as of the middle of last year after the company had received takeover interest.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.