- Date: Friday, December 7, 2012
- Time: 12:00 PM ET
The IT services company acquires the Amsterdam-based digital marketer just one day after Elliott Management sent a letter urging Cognizant to return capital to shareholders and pursue more acquisitions.
Cognizant Technology shares were higher on Monday after activist investor Elliott Management called for changes at the company.
Activist Paul Singer urged Cognizant to take on more leverage to help fund research and acquisitions and to set up a $2.5 billion share buyback program.