Cloudera said on June 1 that it had agreed to be acquired by affiliates of Clayton, Dubilier & Rice and KKR for $16 per share in cash, a deal valued at $5.3 billion.
Entities representing Carl Icahn own approximately 18% of Cloudera’s outstanding stock and will vote in favor of the transaction, which represents a 24% premium to Cloudera's closing price of May 28, the last trading day before the agreement was announced.Separately, Cloudera said first-quarter revenue was $224 million, an increase of 7% from the same period last year. It lost $40 million in the period, compared to a loss of $58 million in the first quarter last year.
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