Conduent Repurchases Shares From Carl Icahn and Affiliates [Yahoo! Finance]
Conduent Incorporated (CNDT)
Last conduent incorporated earnings: 2/20 04:05 pm
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US:NYSE Investor Relations:
investor.conduent.com
Company Research
Source: Yahoo! Finance
solutions and services company, today announced that it entered into and consummated a share purchase agreement (the "Purchase Agreement") to repurchase all of the shares of the Company's common stock beneficially owned by Carl C. Icahn through certain of his affiliates (the "Icahn Parties") at a purchase price of $3.47 per share, the closing price of the Company's common shares on June 7, 2024, the last full trading day prior to the execution of the Purchase Agreement. The aggregate purchase price for the repurchase is approximately $132 million, which was funded from Conduent's cash on hand and existing credit facility. Following the purchase, the Icahn Parties no longer hold any Conduent common shares. In connection with the transaction, Hunter Gary, Jesse Lynn and Steven Miller, who are employed by the Icahn Parties, have resigned from the Company's board of directors (the "Board"). "Our decision to repurchase shares reflects the confidence we have in our business, our strateg
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CNDT
Earnings
- 5/1/24 - Beat
CNDT
Sec Filings
- 6/25/24 - Form 3
- 6/14/24 - Form SC
- 6/13/24 - Form 144/A
- CNDT's page on the SEC website