Conduent Inc. (CNDT), a technology-led business solutions and services company, announced on Monday that it has executed a deal to repurchase its shares owned by Carl Icahn through certain of his affiliates at $3.47 per share, the closing price of the company's shares on June 7. The total repurchase price was around $132 million, funded from Conduent's cash on hand and existing credit facility.
Cliff Skelton, CEO of Conduent, said: "Following this transaction, we will continue to focus our capital allocation in the near-term on additional pay down of debt to further reduce our debt leverage ratios."
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.