- Conduent Inc (NASDAQ:CNDT) board of directors has approved a share repurchase program of up to $75 million shares.
- The repurchase will happen over a period of the next three years.
- “This announcement demonstrates our belief in Conduent’s business strategy and the growth opportunities over the long term,” said Cliff Skelton, Conduent President and CEO.
- “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.”
- The repurchase program may be modified, suspended or discontinued at any time at the company’s discretion without prior notice.
- Conduent held $526 million in cash and equivalents as of March 31, 2023.
- Price Action: CNDT shares are trading higher by 9.11% at $3.17 on the last check Tuesday.
Merck Announced KEYTRUDA Plus Padcev Reduced Risk of Death By More Than Half Versus Chemotherapy In Patients With Previously Untreated Locally Advanced Or Metastatic Urothelial Cancer
Merck (NYSE:MRK), known as MSD outside of the United States and Canada, today announced results from the Phase 3 KEYNOTE-A39 trial (also known as EV-302), which was conducted in collaboration with Seagen and Astellas,
