CONDUENT Inc 8K

Conduent entered a definitive agreement to sell its Tolling business to Quarterhill Inc. for $70 million in cash plus a 7% equity stake, with closing expected before the end of 2026 as part of a broader portfolio simplification strategy.

Conduent Incorporated announced that it has entered into a definitive agreement to sell its Tolling business, a division of Conduent Transportation with operations in the U.S. and U.K., to Quarterhill Inc. for $70 million in cash, with Quarterhill assuming most associated liabilities including all surety bond obligations; Conduent will also receive a 7% equity interest in Quarterhill with registration and board observer rights, and the transaction, which is expected to close before the end of 2026, is intended to simplify Conduent’s portfolio, reduce non-core obligations, and strengthen its financial position, alongside a previously announced sale of its Public Transit business targeted to close in a similar timeframe.

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CIK

1677703

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-

Form

8K

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sec

Accession

0001677703-26-000077

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8