Confluent Deal Report; Jeffries Slips; BMW Slumps
On this episode of Stock Movers:- Confluent (CFLT) shares soared as Reuters reports that the data infrastructure company is exploring a sale after receiving acquisition interest. The firm has engaged an investment bank to manage the process, Reuters reports, citing people it didn’t identify. No deal is guaranteed- Jeffries (JEF) shares slipped on news it said it has $161 million of exposure to funds that held trade receivables and loans of bankrupt auto-parts supplier First Brands Group. The exposure is mostly through Point Bonita Capital, a division of its Leucadia Asset Management…
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