- CLDR is acquiring HDP for 1.305 shares of CLDR
- Hortonworks is a data software company based in Santa Clara, California that develops, supports, and provides expertise on a set of open source software designed to manage data and processing for things such as IOT, single view of X, and advanced analytics and machine learning. Founded: 2011; Headquarters: Santa Clara, CA
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Hortonworks and Cloudera (CLDR) will combine in an all-stock merger; HDP shareholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned
- Cloudera stockholders will own approximately 60% of the equity of the combined company and Hortonworks stockholders will own approximately 40%.
- Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned.
- The companies expect to complete the transaction during the first quarter of calendar year 2019.
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