Conduent Incorporated (NasdaqGS:CNDT) announces a share repurchase program. Under the agreement, the company will repurchase up to 38,149,336 shares for $132.38 million. The shares will be repurchased at $3.47 per share.

The shares will be repurchased from Mr. Carl C. Icahn, Icahn Capital LP, and the other parties thereto (collectively, the ?Icahn Parties?). The repurchases will be funded from a combination of cash on hand and a drawdown under the Company?s existing revolving credit facility. The agreement will be valid till June 10, 2024.