Confluent stock (CFLT) slips as IBM deal vote nears and SEC filing flags shareholder suits
Confluent shares closed 0.4% lower at $30.33, remaining below IBM’s $31-per-share cash offer. The company disclosed 17 shareholder demand letters and two New York lawsuits over its merger proxy, promising more details in SEC filings. Investors await earnings on Feb. 11 and a shareholder vote on Feb. 12.