Market Chatter: Conduent Considers Sale After Attracting Buyout Interest

MT Newswires Live02-10 19:02

Conduent (CNDT) is considering a sale after attracting acquisition interest, Reuters reported Friday citing people familiar with the matter.

The New Jersey-based outsourcing firm was spun out of Xerox (XRX) in 2016.

Conduent is working with a financial adviser on its talks with potential acquirers that include private equity firms, the sources said, adding that a deal could be signed in the coming weeks.

Conduent did not immediately respond to MT Newswires' request for comment on the matter.

The company's shares closed 12% higher on the news on Friday.

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(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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