Original:
Cloudera (
CLDR) - Get Report shares surged higher Tuesday after a group of private-equity investors, led by KKR, agreed to a $5.3 billion takeover of the cloud computing and data analytics group.
Kohlberg Kravis Roberts & Co and Clayton Dubilier & Rice LLC said they will pay $16 a share in cash for Palo Alto, California-based Cloudera, a 24.4% premium to its Friday closing price, and expects the deal to close in the second half of 2021.
Cloudera had been the subject of a number of potential takeovers following pressure from activist investor Carl Icahn, who built an 18.4% stake in the group in 2019 and placed two affiliates Nicholas Graziano and Jesse Lynn appointed to Cloudera s expanded ten-person board in exchange for limiting is stake in the group to under 20%.
Jammie Dodgers and Wagon Wheels maker sold to Italy s Ferrero
Burton s Biscuits is being sold by the the Ontario Teachers Pension Plan amid a rise in snacking during pandemic lockdowns
1 June 2021 • 2:33pm
Italian confectionery giant Ferrero has snapped up the maker of Jammie Dodgers and Wagon Wheels, taking a larger bite of the biscuit market after Britons stocked up on tea-time classics during the pandemic.
Ferrero said it would buy Burton s Biscuits from the Ontario Teachers Pension Plan, taking over what is one of Britain s best-known biscuit brands and a company that has had a foothold in the market since 1935. It will own the business through an affiliate called CTH.
WatchGuard Technologies has made Panda’s endpoint security product available through consumption and subscription models after integrating the technology into the company’s management console.
The painting, long the subject of an ownership dispute, will be given to the University of Oklahoma with plans for title to be transferred later, likely to a French institution.
The new company emerging from the merger of WarnerMedia and Discovery will be called Warner Bros. Discovery. The company, co-owned by Discovery and AT&T, will take the slogan the stuff that dreams are made of, borrowed from the Warner Bros. Pictures movie The Maltese Falcon. Warner Bros. [.]