Elliott Management Call for Changes at Cognizant Technology
Cognizant Technology shares were higher on Monday after activist investor Elliott Management called for changes at the company.
Cognizant Technology (CTSH) - Get Report shares were higher on Monday after activist investor Elliott Management called for changes at the company. The fund is urging Cognizant to implement a $2.5 billion share-repurchase plan and to start paying its shareholders a dividend. Elliott is also seeking changes to the board. Elliott disclosed it has a 4% stake in the company, a $1.4 billion investment.
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