“Our partnership with Nidar reflects our belief in the opportunity in technology infrastructure, compute-as-a-service, and India’s role in the global technology ecosystem,” Suresh Guduru, CEO of Cartica, said in a statement.
Nidar merges with Cartica in a $2.75 billion deal : Listing and Regulatory Approvals
For the deal to close, Nidar must be approved for listing on an exchange chosen by Cartica “in its reasonable discretion and after consultation with Nidar,” the statement said. The options include the New York Stock Exchange, the Nasdaq Global Select Market, the Nasdaq Global Market, the Nasdaq Capital Market, and the NYSE American.
The boards of Nidar and Cartica, along with Nidar’s shareholders, have approved the combination. A target date for its completion was not available. Full legal counsel deal team information was not immediately available.
