CLDR - Cloudera falls after getting no other offers in go-shop period
Cloudera (CLDR) dropped 2.2% after disclosing that it received no alternative offers in its go-shop period after agreeing to $5.3B sale to private equity buyers last month.Cloudera banker Morgan Stanley reached to 17 parties to invite them to the go-shop process and all of parties indicated they weren't interested in a bid, according to a regulatory filing from last night. The go-shop expired at 11:59pm on July 1.Also see, Cloudera's $5.3B go-private deal buys time to catch up to Snowflake.
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Cloudera falls after getting no other offers in go-shop period