Cloudera Inc. (CLDR) Is Climbing After Merger Agreement

Cloudera Inc. (CLDR) announced after the bell Wednesday that it has agreed to acquire Hortonworks Inc. (HDP) in an all-stock deal. Hortonworks stockholders will receive 1.305 common shares of Cloudera for each share of Hortonworks stock owned. Cloudera is up 2.67 on 140K shares after the close.

Cloudera posted modest gains in early trade Wednesday, before settling into a narrow range. The stock closed up by 0.18 at $17.08.

by RTTNews Staff Writer

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