Conduent Sells Public Transit Unit to Modaxo for $164M

Conduent has agreed to sell its public transit business unit to Modaxo for $164 million. The deal, announced on Thursday, led to a more than 12% surge in Conduent's shares during extended trading.

By Harsh Shukla, SA News Editor · Seeking Alpha · May 21, 2026, 21:56 UTC

Conduent Sells Public Transit Unit to Modaxo for $164M

Tickers: $CNDT

Topics: M&A Public Transit Business Sale

Read the full article at Seeking Alpha

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