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Merger News

Levi & Korsinsky Announces Hortonworks Merger Investigation; HDP Acquisition

Levi & Korsinsky

November 29, 2018

NEW YORK, November 29, 2018 – Levi & Korsinsky, LLP is investigating the fairness of the sale of Hortonworks, Inc. (“Hortonworks” or the “Company”) (NASDAQGS: HDP) to Cloudera, Inc. (NYSE: CLDR). Under the terms of the transaction, Hortonworks shareholders will receive 1.305 shares of Cloudera for each share of Hortonworks stock they own. To learn more about the action and your rights, go tohttps://www.zlk.com/mna/hortonworks-inc-2 or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.

The Hortonworks merger investigation concerns whether the Board of Hortonworks breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Cloudera, Inc. is underpaying for Hortonworks shares, thus unlawfully harming Hortonworks shareholders.

Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

 

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com