Confluent (CFLT) Stock Surges on IBM’s Reported $11 Billion Takeover Talks: Latest News, Price Targets and Investor Outlook
IBM is in advanced talks to acquire Confluent for about $11 billion, according to multiple reports on December 8. Confluent shares surged over 20% in after-hours trading, reaching around $28.60, following the news. The rumored deal price implies a 37% premium to Confluent’s last close of $23.14. An announcement could come as soon as today, though talks may still collapse.