US EditionConfluent Stock Price Caps at $31 as IBM Closes $11 Billion Buyout and CFLT Trading Ends
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IBM completed the acquisition of Confluent on March 17, which was announced last December for $11 billion. As indicated at the initial announcement, the Armonk group purchased all the outstanding shares of the publisher for $31 billion per title. The transaction closed the reconciliation with a data streaming specialist based by [...] The post IBM finalizes the acquisition of Confluent for $11 billion appeared first on ChannelNews.
Confluent Stock Price Caps at $31 as IBM Closes $11 Billion Buyout and CFLT Trading Ends
IBM completed its $11 billion acquisition of Confluent Inc., paying $31 per share in cash, with trading in CFLT stock halted and suspended on Nasdaq as of March 18. Confluent is now a wholly owned IBM subsidiary. IBM will integrate Confluent’s data-streaming software into its AI and hybrid-cloud products. Holders of Confluent’s 2027 convertible notes can demand repayment at face value due to the merger. The post Confluent Stock Price Caps at $31…
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