Friday, August 2, 2019

TheStreet: Cloudera Rallies After Activist CarI Icahn Takes 12.6% Stake

By SIMON CONSTABLE 

Cloudera was jumping in premarket trading Friday on news that activist investor Carl Icahn had taken a 12.6% stake in the data analytics company.

In regulatory filings, Icahn revealed that along with his associated businesses he had accumulated the position. Icahn is chairman of New York-based conglomerate Icahn Enterprises. The filing also said Icahn might seek seats on Cloudera's board. Read more here.

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