Conduent Repurchases All Shares Owned By Carl Icahn For $3.47 Each, Totaling $132M, Funded From Cash And Credit Facility
Press Release
Press Release
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
3/14/2024 | $9.00 | Outperform | Noble Capital Markets | |
11/9/2021 | Buy → Hold | Needham |
SUNNY ISLES BEACH, Fla., Aug. 7, 2024 /PRNewswire/ -- Second quarter net loss attributable to IEP of $331 million, a decline of $62 million over prior year quarter Second quarter Adjusted EBITDA attributable to IEP was a loss of $155 million, compared to $14 million for the prior year quarterIndicative Net Asset Value was approximately $4 billion as of June 30, 2024, a decrease of $969 million compared to March 31, 2024 IEP declares second quarter distribution of $1.00 per depositary unitFinancial Summary(Net loss and Adjusted EBITDA figures in commentary below are attributable to Icahn Enterprises, unless otherwise specified) For the three months ended June 30, 2024, revenues were $2.2 bil
Key Q2 2024 Highlights Revenue: $828MAdj. Revenue(1): $811MPre-tax Income: $300MAdj. EBITDA Margin(1): 3.6%New Business Signings ACV(2): $142MNet ARR Activity Metric(2) (TTM): $(49)M FLORHAM PARK, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Conduent (NASDAQ:CNDT), a global technology-led business process solutions and services company, today announced its second quarter 2024 financial results. Cliff Skelton, Conduent President and Chief Executive Officer stated, "We are pleased to report that our Adjusted Revenue and Adjusted EBITDA exceeded expectations, with upside from here. Meanwhile, as anticipated, Q2 represented the low point in our previously communicated growth trajecto
SUNNY ISLES BEACH, Fla., July 24, 2024 /PRNewswire/ -- Icahn Enterprises L.P. (NASDAQ:IEP) announced today that it will discuss its second quarter 2024 results on a webcast on Wednesday, August 7, 2024 - 10:00 a.m. Eastern Time. To access the webcast, viewers should go to this link (webcast). We encourage viewers to access the webcast 15 minutes ahead of the scheduled start time. A replay of the webcast will also be available for at least twelve months at Icahn events and presentations. Icahn Enterprises L.P., a master limited partnership, is a diversified holding company engaged in seven primary business segments: Investment, Energy, Automotive, Food Packaging, Real Estate, Home Fashion an
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NelsonHall highlights Company's ability to create value across health payer value chain, its product roadmap and strategy for growth NelsonHall has again named Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, a Leader across all five categories in the NelsonHall 2024 NEAT Report for Healthcare Payer Operational Transformation. Conduent achieved the Leader designation based on strong core offerings for government and commercial health plans, including Medicare Advantage, and strong capabilities in automation of enrollment processing and document digitization, relative to its peers. Conduent was recognized as a Leader across all categorie
With Conduent, American Samoa will convert its paper voucher system to EBT cards and offer online and mobile access capabilities Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, has been selected by the American Samoa Department of Human and Social Services (DHSS) to modernize and convert the U.S. territory's legacy American Samoa Nutrition Assistance Program (ASNAP) system. As of 2024, nearly 5,000 needy, elderly, blind or disabled individuals in American Samoa receive ASNAP benefits from the government. These benefits provide essential food assistance to supplement their nutritional needs. Supported by Conduent, ASNAP recipients wil
Sale aligns with Conduent's strategy to streamline its portfolio, focusing on core capabilities and advancing synergistic growth. Conduent Incorporated (NASDAQ:CNDT), a global technology-led business solutions and services company, today announced that it has completed the sale of its Casualty Claims Solutions Business to MedRisk, the nation's largest managed care organization dedicated to the physical rehabilitation of workers' compensation patients. The transaction was initially announced on May 3, 2024. "This completed divestiture is the third in our portfolio optimization plan, allowing us to further improve our balance sheet and advance our capital allocation strategy," said Cliff
3 - CONDUENT Inc (0001677703) (Issuer)
4 - CONDUENT Inc (0001677703) (Issuer)
3 - CONDUENT Inc (0001677703) (Issuer)
Noble Capital Markets initiated coverage of Conduent with a rating of Outperform and set a new price target of $9.00
Needham downgraded Conduent from Buy to Hold
8-K - CONDUENT Inc (0001677703) (Filer)
8-K - CONDUENT Inc (0001677703) (Filer)
424B5 - ICAHN ENTERPRISES L.P. (0000813762) (Filer)
Three-phased project begins with implementation of contactless open payment system in advance of the 2024 Olympic Summer GamesConduent Transportation, a global provider of smart mobility technology solutions and business unit of Conduent Incorporated (NASDAQ:CNDT), today announced that Saint-Étienne Métropole (SEM), the public transportation authority for the city of Saint-Étienne and its surrounding metropolitan area in east-central France, has selected Conduent for a three-phase transformation of its STAS bus and tram network. SEM serves a population of more than 400,000.
KING OF PRUSSIA, Pa., Sept. 04, 2024 (GLOBE NEWSWIRE) -- MedRisk, a leader in managed physical rehabilitation in workers' compensation, has completed the acquisition of the Casualty Claims Solutions business, including the portfolio of Strataware® products, services, and technologies, from Conduent Incorporated (NASDAQ:CNDT). The acquired business encompasses workers' compensation and auto casualty bill review solutions and services, including the processing of medical bills and clinical services. Today, the company will be known as StrataCare, a brand with a long and proud history in the industry. This acquisition expands MedRisk's portfolio of care and cost management solutions for work
Illumina's director nominees bring deep commercial, scientific and business experience from leading organizations including Microsoft, Symantec, and Medco-UBCLeading proxy advisory firm ISS has recommended Illumina shareholders vote FOR Illumina CEO Francis deSouza and Board member Robert EpsteinIcahn's associates bring ZERO relevant experience and ZERO independenceIllumina requests shareholders to vote the WHITE proxy card today FOR all nine of Illumina's director nomineesAnnual Meeting will be held virtually on May 25, 2023, at 10:00 am Pacific Time (1:00 pm Eastern Time)For more information, visit www.IlluminaForward.comSAN DIEGO, May 15, 2023 /PRNewswire/ -- Illumina (NASDAQ:ILMN), a glo
LORDSTOWN, Ohio, Aug. 26, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corporation (NASDAQ:RIDE), ("Lordstown Motors"), a leader in electric light-duty trucks focused on the commercial fleet market, announced today that its Board of Directors has appointed Daniel A. Ninivaggi as CEO and as a member of the Board, effective immediately. Ninivaggi is the former CEO of Icahn Enterprises L.P. (NASDAQ:IEP), a diversified holding company controlled by Carl C. Icahn, and has served in a variety of senior leadership positions in the automotive and transportation industries. He began his automotive career at Lear Corporation, ultimately serving as Executive Vice President, where he was responsible