Thread regarding Cloudera layoffs

Another possible bid?

Just checking if anyone currently at Cloudera is hearing anything of another interested company. Could a higher offer be coming during this 30 day open window.

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Post ID: @OP+1bb3lcrG

4 replies (most recent on top)

It's over private equity wins with $16 bid. Deadline passed yesterday and no news was released by the company. Even though there was an additional 10 days after the deadline for negotiations, it would be an SEC violation to have another bid without telling investors by the deadline date. So now investor wait until the voting proxy get sent out and the vote totals get announced which should be around 2nd qtr earnings release.

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Post ID: @sjpv+1bb3lcrG

By Wednesday afternoon everyone will know as to whether Cloudera is considered valuable to public companies and in their market or if $16 is as good as it gets.

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Post ID: @mxzw+1bb3lcrG

No bid is coming. If a bid goes before the board of directors then they will turn it down. Cloudera's Board and CEO do not like shareholders which is why they systematically brought down the share price by talking down growth, releasing news on their facebook and twitter pages vs doing press releases and basically selling out to private equity even though the share price was just $19 a few months earlier and earnings do better in the second half of the year.

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Post ID: @kdmo+1bb3lcrG

Rumblings of a higher bid going before the BOD. Will there be an announcement before the weekend wait until next week is the question? Though the BOD would need to approve of the bid before any news is released.

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Post ID: @djnv+1bb3lcrG

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