CNDT news

Conduent Government Holdings II, LLC has entered into a Senior Credit Agreement dated October 23, 2026 with Bank of America, N.A. as Administrative Agent.

Conduent Inc. agreed to settle a class action lawsuit concerning a 2024 data breach affecting approximately 62 million individuals, filed on behalf of consumers whose private information was allegedly compromised. The settlement was executed on October 16, 2026, resolving claims related to the unaut…

Conduent Inc. agreed to amend its credit agreement, extending the Non-Extended Maturity Date to October 30, 2026.

Conduent Business Services, LLC amended its Equity Interest Purchase Agreement to remove US Buyer as a party, making French Buyer, Modaxo France Holdings SAS, the sole buyer. The amendment is effective September 30, 2026.

Conduent held an Investor Day to discuss its ASCEND 2026-28 plan and provided refreshed financial targets for 2026-2028. The strategy focuses on growth, margin expansion, and the completion of divestitures.

The company reported a second quarter 2026 loss from continuing operations and announced the sale of its Transit and Tolling businesses for $234 million in proceeds.

Conduent agreed to sell its Tolling business to Quarterhill Inc for $70 million in cash. This transaction is expected to enhance Conduent's financial profile and simplify its portfolio.

Conduent has agreed to sell its Public Transit business to Modaxo for $164 million, expected to close before end of 2026. The divestiture is part of Conduent's portfolio simplification strategy to strengthen its balance sheet while retaining its Tolling business segment.

Conduent Incorporated announced the appointment of Adam Demuyakor, founder and managing partner of Wilshire Lane Capital, to its Board of Directors, bringing expertise in AI, digital transformation, and enterprise technology strategy. The appointment strengthens the board's capabilities in innovatio…