IBM completes $31/share acquisition of Confluent, enterprise value ~$11B

Confluent, Inc.

IBM acquired Confluent for $31.00 per share in cash; enterprise value approximately $11 billion.
Merger closed March 17, 2026; Confluent now a wholly owned subsidiary of IBM.
Convertible senior notes adjusted: each $1,000 principal now convertible into cash based on $31.00 per share.
All Confluent directors and officers (including CEO Jay Kreps) ceased; replaced by IBM appointees.
Confluent Class A common stock delisted from Nasdaq; registration to be terminated.

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accession 0001104659-26-029071

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