CONDUENT Inc (CNDT) Form 8-K — Oct 6, 2026
$CNDTForm 8-KItems 1.01, 2.01, 7.01, 9.01Filed Oct 6, 2026, 2:25 PM ET0001677703-26-000123Original filing
Conduent completed the sale of its Public Transit business to Modaxo on October 1, 2026, at a base purchase price of $164 million, receiving $140 million in cash at closing. At closing, the buyer retained a $10 million purchase price holdback, a $12 million special holdback, and $2 million of other adjustments. Conduent will pay $3 million in transaction costs and $7 million in income taxes in Q4 2026, and transferred $15 million in cash to the buyer at close.
Key figures
- Total Assets
- 2032000000
- Cash Position
- 228000000
- Deal Value Usd
- 164000000
- After tax gain usd
- 11000000
- Q4 income taxes usd
- 7000000
- Special holdback usd
- 12000000
- Q4 transaction costs usd
- 3000000
- Purchase price holdback usd
- 10000000
- Cash received at closing usd
- 140000000
- Fy2025 pro forma revenue usd
- 2671000000
- Cash transferred to buyer usd
- 15000000
- Other closing adjustments usd
- 2000000
- Net proceeds to revolver repayment usd
- 125000000
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.