Confluent (CFLT) Soars 30% on $11-Billion IBM Merger
Yahoo Finance·2025-12-15 03:42

We recently published 10 Stocks Delivering Explosive 18-190% Gains. Confluent, Inc. (NASDAQ:CFLT) is one of the last week’s heavy gainers. Confluent soared by 29.9 percent week-on-week, as investors loaded portfolios following news that it was set to be acquired by IBM for 11billion.OnMonday,Confluent,Inc.(NASDAQ:CFLT)saidthatitofficiallyinkedadefinitiveagreementwithIBM,underwhichthelatterwouldacquirealloftheformersoutstandingcommonsharesatapriceof11 billion. On Monday, Confluent, Inc. (NASDAQ:CFLT) said that it officially inked a definitive agreement with IBM, under which the latter would acquire all of the former’s outstanding common shares at a price of 31 apiece. The tra ...