Cognizant (CTSH) Announces $1.5B Accelerated Share Buyback
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Cognizant Launches $1.5 Billion Accelerated Share Repurchase
March 14, 2017 8:01 AM EDTTEANECK, N.J., March 14, 2017 /PRNewswire/ --Â Cognizant Technology Solutions Corporation (NASDAQ: CTSH), today announced that it has entered into accelerated share repurchase ("ASR") agreements with Barclays Bank PLC, Citibank N.A., and UBS AG, London Branch to repurchase an aggregate of $1.5 billion of Cognizant's Class A common stock.Â
Under the terms of the ASR agreements, approximately 21.5 million of the shares to be repurchased will be received by Cognizant on March 14, 2017. The final number of shares to... More
