The improving narrative is supported by stable, positive market dynamics. Don t be surprised to see retail and others getting back into SPACs if the market continues this way.
June will be a busy month of SPAC deal votes and, likely, little other activity. But, could the narrative change if de-SPAC performance outperforms expectations?
KKR, CD&R take data analytics firm Cloudera private for $4.7 billion
06/01/2021 12:02
(Reuters) -Private equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) will take Cloudera Inc private for $4.7 billion, the cloud-based data analytics company said on Tuesday.
Shares of Cloudera jumped about 25% to $16.07 premarket, above the offer price of $16 per share in cash. The offer price represents a premium of about 24% to Cloudera s last close on Friday.
Cloudera, which provides cloud-based software and platform to enterprises, including financial firms and government agencies, counts Carl Icahn as its largest shareholder. The activist investor holds about 17.8% of Cloudera s total shares, according to Refinitiv data.
/PRNewswire/ Cloudera, (NYSE: CLDR), the enterprise data cloud company, today announced that it has entered into a definitive agreement to be acquired by.