"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. The Board of Directors of Cloudera (the "Board") has unanimously approved the. Cloudera and Hortonworks Merger: Aberdeen Analysts Give ... Why Cloudera, Inc. Stock Fell 22% in October | The Motley Fool 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 . Cloudera's and Hortonworks' stocks surged after the two Hadoop companies agreed to merge in a $5.2 billion deal in the enterprise cloud. The newly merged entity is called Cloudera and will be led by Cloudera's former CEO, Tom Reilly. John Paulson Connects With Clo - GuruFocus.com In connection with the proposed merger between Cloudera and Hortonworks, Cloudera intends to file a registration statement on Form S-4 containing a joint proxy statement/prospectus of Cloudera and . Carl Icahn Loves Cloudera Stock, Up 100% Since March ... "Thus, while the proxy touts the merger price as a 24.4% premium to Cloudera's unaffected closing price on May 31, 2021, the merger price does not appear to maximize stockholder value." Cloudera Litigation Update by Former Louisiana Attorney ... "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. A couple of neighboring Silicon Valley data platform makers who have been competing in the Hadoop data storage and analytics market are . 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. Cloudera, Inc. is an American software company that provides an enterprise data cloud accessible via a subscription fee.Built on open source technology, Cloudera's platform uses analytics and machine learning to yield insights from data through a secure connection. June 1, 2021 - 7:02 am. As a result, this will "create the world's leading next generation data platform provider, spanning multi-cloud, on-premises and the Edge." CLDR Cloudera Inc Amended Statement of Changes in Beneficial Ownership (4/a) . 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). 6. 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. These are the details. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. 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. Posted by 10 months ago. 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.. Cloudera is a growth dependent-tech company that's valued at roughly 4.5 times this year's expected sales and has yet to post a profit, and these characteristics prime it to see big stock declines. 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. . In combining the two entities, the companies believe they can provide a superior unified platform that benefits from both of their . Cloudera Inc. (CLDR) and Hortonworks Inc. (HDP) have agreed to combine themselves in an all-stock merger of equals. 7. Cloudera - Growth Stock for 2021. 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 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 private company and is expected to . 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 Bearden formerly led Hortonworks, a competitor to Cloudera prior to the two firms' merger in 2019. 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. Cloudera's platform works across hybrid, multi-cloud and on-premises architectures and provides multi-function analytics . 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 big data market became a little less competitive on Wednesday when two of the biggest players, Cloudera and Hortonworks, agreed to merge. Common Stock, par value $0.00005 per share CLDR New York Stock Exchange . Following this, shares of both the companies soared in the after-hours. 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%. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. The company will be under pressure to prove that its merger with Hortonworks is capable of generating real value. Latest product and financials prove that the merger with Hortonworks has been a success. On October 3, 2018, big data rivals Cloudera and Hortonworks announced their mutual agreement to combine in an all-stock merger. 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. Exhibits Exhibit No. Exhibits Exhibit No. Cloudera, while having established itself with the Hortonworks merger as the dominant Hadoop company, faces challenges on a few fronts. At the same time, Cloudera had trailing-12-month earnings per share of -48 cents. 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. Report Save. 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. The new company will be owned. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. 3. Shareholders on both sides seemed to support the merger as Cloudera's stock shot up 17 percent to $19.95 per share as of Thursday morning, while Hortonworks' stock also surged 17 percent to $25 . BOSTON, March 30, 2021 /PRNewswire/ -- Today, the Patrick J. McGovern Foundation and Cloudera Foundation announce a historic philanthropic merger that will launch a groundbreaking initiative to . 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 . Following the report about takeover bids, Cloudera stock soared as much as 22% on Tuesday. The merger was approved and subsequently consummated before the open on October 8, 2021. The two businesses had trouble integrating and, by June, CEO . 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). Announced on Tuesday, the enterprise data cloud management firm said that the purchase,. Cloudera (), the cloud infrastructure stock that was once worth >$4 billion in the private markets but then saw troubled performance since going public in 2017 at $15 per share, was a stock that . With enough data, AI can be taught to make smart decisions using a decision-making process comparable to the process . Clouds gather as Cloudera and Hortonworks settle on uneven merger $5bn deal sends stock market Hadoop over heels. Archived. Cloudera produced 71.6% FCF margins. 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. 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. The transaction will result in Cloudera becoming a private company and is expected to close in the second half of 2021. Cloudera - Growth Stock for 2021. . Here's what Wall Street says about Domo's strategy and the Cloudera-Hortonworks merger. Cloudera CEO Tom Reilly Announces Exit, Stock Plunges. Analysts have argued that this merger is aimed at increased competition that both 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. 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 . 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. 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. Cloudera stock jumped as much as 25 percent on Wednesday after it announced an all-stock merger of equals with competitor Hortonworks. As a result, the all-stock merger officially closed on Thursday last week. As of June 23, 2021, CLDR stock is trading at $15.77. This implies $723 m in FCF by 2022. Cloudera, Inc. (PRNewsfoto/Cloudera, Inc.) Cloudera delivers a hybrid cloud platform that enables enterprises to access and analyze data across public and private clouds as well as on premises to. Dow Jones futures fell Thursday morning, along with S&P 500 futures and Nasdaq futures, as Treasury yields continued to rise. 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 . Cloudera has agreed to be acquired by Clayton, Dubilier & Rice (CD&R) and KKR in a deal worth $5.3 billion. The agreement also includes a 30-day 'go-shop' period expiring on . New Cloudera. Earlier this month, Cloudera and Hortonworks announced an all-stock merger at a combined value of around $5.2 billion. 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 . But the merger. As per the terms of the transaction agreement, Hortonworks stockholders will own around 40% of the combined equity while Cloudera stockholders will have 60%. 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 . Agreement and Plan of Merger On June 1, 2021, Cloudera, Inc., a Delaware corporation (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement") At the close, Cloudera shares were 18.69% up, at $12.00. 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. Moreover, Hortonworks shareholders are about to receive 1 . 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. Already trending downward by 2019, Cloudera completed a $5 billion all-stock merger with its biggest rival, Hortonworks, that January. Do NOT follow this link! As . On August 25, 2021, Shareholders of Cloudera, Inc. (CLDR) voted concerning the proposed merger with a wholly-owned subsidiary of Sky Parent Inc., an affiliate of Clayton, Dubilier & Rice and Kohlberg Kravis Roberts & Co. Iain Thomson in San Francisco Thu 4 Oct 2018 // 00:34 UTC . Not a lot of growth. . It was long. Cloudera (NYSE: CLDR) 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 about $5.3 billion. That's not a deeply negative number for a $16-ish stock.. The $5.3b offer for CLDR stock is too cheap at just 6.6 times FCF. 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 . 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. 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 . Shortly thereafter, Hortonwork's shareholders approved the merger, although by a smaller margin, with 60 million voting in favor and one million against. In a move that signals the death of Hadoop and that the open-sourced software is no longer a key part of big data vendor's strategy, two rival companies Cloudera and Hortonworks jointly announced a merger this week. 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 . Copy. Cloudera and Hortonworks skyrocketed on a merger deal.Marijuana stock . The combined company is expected to provide next-generation data platform solutions, spanning multi-cloud, on-premises, and the Edge. They also announced a definitive agreement under which the companies will combine in an all-stock merger of equals. I hope it runs So I can stop selling for a loss and get some of those losses back. 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. Domo stock rose 21%, and Cloudera stock dropped 20%. Hortonworks stock was halted just prior to the announcement. 3. Close. 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. 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. 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 The lawsuit was filed in Delaware Chancery Court by the Local 464A United Food and Commercial Workers Union Pension Fund, which . "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"). 2 The disclosure in the section entitled ' Background of the Merger ,' beginning on page 31 of the Proxy Statement, is hereby amended to add the following after the fifth paragraph on page 32: Jaluria also noted Cloudera CEO Rob Bearden's history of M&A exits. Shares of Cloudera Inc. soared 24.4% in premarket trading Tuesday, after the data management and analytics software company disclosed a deal to be acquired for $16 a share in cash by funds advised . Former Hadoop rivals Cloudera and Hortonworks have completed their merger after shareholders approved the plans at the end of 2018. After hours, CLDR stock added another 1.58% to . 9. Lied about their products andhad to do a merger to stay afloat. 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 . This is the close of the 3, October 2018 definitive agreement, under which the companies will combine in an all-stock merger of equals. Cloudera produced 71.6% FCF margins.This implies $723 million 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 . J.P. Morgan, Bank of America and KKR Capital Markets . 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.. It went public at $15 a share in April 2017 and dropped to as . The lawsuit was filed in Delaware Chancery Court by the Local 464A United Food and Commercial Workers Union Pension Fund, which . It also makes the $5.3 billion offer for CLDR stock way too cheap at just 6.6 times FCF.More From InvestorPlace Stock . Pursuant to the merger agreement, Cloudera stockholders will receive $16 in cash for each share of Cloudera common stock owned. Share. 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. It's not a sexy company. Cloudera, Hortonworks Merger Will Create New Data Platform. 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. The plan . Among the 11 analysts covering the stock, four recommend a buy or some. Hadoop big data giants Cloudera and Hortonworks have finalised their all-stock merger announced in October. Cloudera is now in a position of strength in the big data and analytics market. 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. As the company's recent restructuring and integration expenses roll off, cash adjusted leverage will decline toward 7x. Given its poor returns for Q4 2018, Cloudera is a highly fraught stock right now. 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 . The deal is scheduled to close in the second half of 2021. Cloudera stock forecast Before the buyout, Cloudera had a median target price of $16, which is the buyout price also. 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