CNDT - Conduent announces $75M share repurchase program

2023-05-16 09:06:28 ET

• Conduent ( NASDAQ: CNDT ) has announced that its board of directors has approved a share repurchase program of up to $75M of the Co.'s common stock over the next three years.
• “This plan underscores the commitment outlined in our recent Investor Briefing to deliver long-term value to our shareholders through a balanced capital allocation strategy and reflects confidence in our cash flow trajectory, balance sheet strength, portfolio rationalization program and belief that our shares are an attractive investment opportunity." said Cliff Skelton, President and CEO.
• The Company, in its discretion, intends to repurchase shares from time to time using open market transactions, and may include Rule 10b5-1 trading plans.
• CNDT +4.47% premarket to $3.08.

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