- 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.
CleanTech Acquisition and Nauticus Robotics Complete Business Combination To Trade Under “KITT” Effective September 13
NEW YORK and HOUSTON, Sept. 12, 2022 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc., formerly known as CleanTech Acquisition Corp. ("CLAQ") (NASDAQ:CLAQ), today announced the successful closing of its
