Carl Icahn Files 13D on Cloudera (CLDR) Showing 12.6% Stake

(Updated - August 1, 2019 4:44 PM EDT)

Carl Icahn files a 13D on Cloudera, Inc. (NYSE: CLDR), disclosing a 12.6% stake.

Item 4. Purpose of Transaction
The Reporting Persons acquired their positions in the Shares in the belief that the Shares were undervalued. The Reporting Persons intend to seek to speak with representatives of the Issuer's board of directors and management to discuss enhancing shareholder value and potentially seeking board representation. The Reporting Persons also intend to seek to have discussions with other stockholders to understand their perspectives and priorities.

The Reporting Persons are considering all their options and, while they have no present plan to do so (except as otherwise disclosed in this Item 4), they reserve the right and are considering whether to propose other transactions which relate to or would result in one or more of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D.

The Reporting Persons may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities of the Issuer and/or its affiliates (collectively, "Securities") in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities.

You May Also Be Interested In

• SpaceX Shares Indicated To Open At $155
• Al Shams challenges Braemar board over director nomination process
• DoJ approves Paramount's acquisition of Warner Bros - Politico