Confluent (CFLT) After Hours: IBM’s $11 Billion Buyout, Wall Street Downgrades and What to Watch Before the Opening Bell on December 10, 2025
Confluent, Inc. (NASDAQ: CFLT) has turned from a high‑beta growth stock into a classic merger‑arbitrage story almost overnight. After Monday’s news that IBM will acquire Confluent for $31 per share in cash in an ~$11 billion deal, the stock has exploded higher and then settled into a tight band just below the offer price. Reuters+1 By late trading after the bell on Tuesday, December 9, 2025, Confluent shares were hovering around $29.90, virtually flat on the day and sitting roughly $1.10 below the $31 cash offer – a discount of about 3.5% that now reflects the market’s view of the