Icahn discloses stake in Cloudera, may seek board seats

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on the FOX Business Network’s Neil Cavuto show in New York city, united states of america on the 11th of February, 2014. REUTERS/Brendan McDermid/File Photo

(Reuters) – Activist investor Carl Icahn revealed a 12.6% stake in data-analysis company, Cloudera, Inc. (CLDR.N) on Thursday said that he would try out the seats on the board of directors.

Icahn said Cloudera’s shares are undervalued, and that he will be looking to hold talks with the senior management of the company is to increase shareholder value.

Cloudera’s shares have risen 12.6 percent in the extended trade. They have plunged as much as 43% this year through Thursday’s close.

Reporting Uday Sampath, Bengaluru; Editing by Sriraj Kalluvila

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