Brief: Conduent Says Entered Into A Definitive Agreement To Sell Company's Curbside Management And Public Safety Solutions Businesses

CONDUENT

28/12/2023 14:35

Dec 28 (Reuters) - Conduent Inc  CNDT.O :
    * CONDUENT INC: ENTERED INTO A DEFINITIVE AGREEMENT TO SELL
COMPANY'S CURBSIDE MANAGEMENT AND PUBLIC SAFETY SOLUTIONS
BUSINESSES
    * CONDUENT INC: SALE IS FOR AN ENTERPRISE VALUE OF
APPROXIMATELY
$260 MILLION
    * CONDUENT INC: PROCEEDS FROM THIS TRANSACTION AND THAT OF
PREVIOUSLY ANNOUNCED BENEFITWALLET TRANSACTION, WILL BE USED
PRINCIPALLY TO REDUCE DEBT
    * CONDUENT INC: TO SELL ITS CURBSIDE MANAGEMENT SOLUTIONS
AND
PUBLIC SAFETY SOLUTIONS BUSINESSES TO MODAXO, A DIVISION OF
CONSTELLATION SOFTWARE

Source text for Eikon: [ID: https://www.sec.gov/ix?doc=/Archives/edgar/data/1677703/000167770323000072/cndt-20231228.htm
]
Further company coverage:  CNDT.O 

 ((Reuters.Briefs@thomsonreuters.com;))