Confluent stock drifts after New Year’s open — the IBM deal deadline traders are watching
Confluent shares closed at $30.11 Friday, down 0.4%, trading nearly 3% below IBM’s $31 per-share takeover offer. The initial U.S. antitrust waiting period under the Hart-Scott-Rodino Act expires Jan. 12. IBM agreed in December to acquire Confluent for $11 billion in cash. Volume reached about 29.4 million shares.