KKR, CD&R nearing deal to buy out Cloudera - reports


FILE PHOTO Trading information for KKR amp Co is displayed on a screen on the floor of the New York Stock Exchange NYSE in New York U.S. August 23 2018. REUTERSBrendan McDermid

FILE PHOTO: Trading information for KKR & Co is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., August 23, 2018. REUTERS/Brendan McDermid

(Reuters) -Private-equity firms KKR & Co and Clayton Dubilier & Rice LLC (CD&R) are nearing a deal to take Cloudera Inc private at a valuation of $4.7 billion, Bloomberg News reported https://bloom.bg/3vDLa5Z on Monday, citing a person familiar with the matter.

The private-equity giants are likely to finalise a deal on Tuesday to acquire the software firm at $16 a share, or about a 24% premium to its previous close, according to the report.

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