- 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.
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