Cognizant Technology Initiates $500 Million Accelerated Share Repurchase

MT Newswires Live

05/21

Cognizant Technology Solutions (CTSH) has signed accelerated share repurchase agreements with Truist Bank and BNP Paribas covering $500 million of the company's class A common stock, the company said Thursday.

Under the terms of the deals, roughly 7.8 million of the shares to be repurchased will be delivered to Cognizant Thursday.

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