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KKR, CD&R nearing deal to buy out Cloudera - reports

05/31/2021 | 11:35pm EDT
FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the NYSE in New York

(Reuters) -Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc private at a valuation of $4.7 billion, Bloomberg News reported https://bloom.bg/3vDLa5Z on Monday, citing a person familiar with the matter.

The private-equity giants are likely to finalise a deal on Tuesday to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.

Cloudera - which has activist investor Carl Icahn as its largest shareholder - has explored a sale since mid-2020 after receiving takeover interest, the report said.

The Wall Street Journal had earlier reported https://on.wsj.com/3uFoaSC about the deal talks.

KKR and Cloudera did not immediately respond to Reuters' requests for comment.

(Reporting by Nandakumar D in Bengaluru; Editing by Uttaresh.V and Sherry Jacob-Phillips)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BIKE24 HOLDING AG 0.62% 17.76 Delayed Quote.0.00%
CLOUDERA, INC. 0.00% 15.85 Delayed Quote.13.95%
ICAHN ENTERPRISES L.P. 0.58% 58.5 Delayed Quote.14.78%
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