Conduent Incorporated, a business processing outsourcing firm, is reportedly exploring a sale after receiving acquisition interest. Sources familiar with the matter indicated to Reuters that the company is considering strategic options following unsolicited approaches.
This development suggests a potential major strategic shift for Conduent, which was spun out of Xerox in 2017. Any potential acquisition could significantly impact the company's future direction, operations, and shareholder value.
The reports of acquisition interest come as Conduent has been executing a multi-year strategic transformation, including portfolio rationalization and debt reduction. A sale could represent a culmination of these efforts or a new chapter for the company.
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