By Angelica Ballesteros
Publication Date: 2025-12-14 19:42:00
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 $11 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 transaction has already secured the approval of both firms’ board of directors, as well as Confluent, Inc.’s (NASDAQ:CFLT) largest shareholders who hold a combined 62 percent of its stake.
The transaction is expected to be completed in the middle of 2026, subject to customary closing conditions, including approval of minority shareholders and other regulatory approvals.
Source: pixabay
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