© Reuters. FILE PHOTO: Buying and selling info for KKR & Co is displayed on a display on the ground of the New York Inventory Change (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid
(Reuters) -Non-public-equity companies KKR & Co (NYSE:) and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera (NYSE:) Inc personal at a valuation of $4.7 billion, Bloomberg Information reported https://bloom.bg/3vDLa5Z on Monday, citing an individual accustomed to the matter.
The private-equity giants are more likely to finalise a deal on Tuesday to accumulate the software program agency at $16 a share, or a few 24% premium to its earlier shut, in accordance with the report.
Cloudera – which has activist investor Carl Icahn as its largest shareholder – has explored a sale since mid-2020 after receiving takeover curiosity, the report stated.
The Wall Road Journal had earlier reported https://on.wsj.com/3uFoaSC concerning the deal talks.
KKR and Cloudera didn’t instantly reply to Reuters’ requests for remark.
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