Brief: Conduent Repurchases Shares From Carl Icahn And Affiliates

CONDUENT

10/06/2024 13:14

June 10 (Reuters) - Conduent Inc  CNDT.O :
    * CONDUENT REPURCHASES SHARES FROM CARL ICAHN AND AFFILIATES
    * CONDUENT INC - PROPOSED DEAL FOR PURCHASE PRICE OF $3.47
PER
SHARE
    * CONDUENT INC - AGGREGATE PURCHASE PRICE FOR REPURCHASE IS
APPROXIMATELY $132 MILLION
    * CONDUENT INC - ICAHN PARTIES NO LONGER HOLD ANY CONDUENT
COMMON
SHARES.
    * CONDUENT INC: FOLLOWING PURCHASE, ICAHN PARTIES NO LONGER
HOLD
ANY CONDUENT COMMON SHARES
    * CONDUENT INC - HUNTER GARY, JESSE LYNN AND STEVEN MILLER,
WHO
ARE EMPLOYED BY ICAHN PARTIES, HAVE RESIGNED FROM COMPANY'S
BOARD OF DIRECTORS
    * CONDUENT INC - TRANSACTION WAS UNANIMOUSLY RECOMMENDED TO
CONDUENT'S BOARD BY A SPECIAL TRANSACTION COMMITTEE OF BOARD
    * CONDUENT - AGGREGATE PURCHASE PRICE FOR REPURCHASE IS
ABOUT $132
MILLION, WHICH WAS FUNDED FROM CONDUENT'S CASH ON HAND AND
EXISTING CREDIT FACILITY
    * CONDUENT: ENTIRE BOARD, EXCEPT FOR MEMBERS EMPLOYED BY
ICAHN
PARTIES, WHO RECUSED THEMSELVES FROM VOTE, VOTED IN FAVOR OF
TRANSACTION

Source text for Eikon:  ID:nBw3nSRNca 
Further company coverage:  CNDT.O 

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