Wednesday, July 01, 2026
Michael Kupinski, Director of Research, Equity Research Analyst, Digital, Media & Technology , Noble Capital Markets, Inc.
Jacob Mutchler, Research Associate, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Tolling divestiture completes Transportation exit. Conduent announced the sale of its Tolling business to Quarterhill for $70 million, completing its previously announced exit from the Transportation segment and advancing management’s portfolio simplification strategy. The transaction is expected to close during the fourth quarter of 2026, subject to satisfaction or waiver of customary closing conditions.
Deal terms limit Conduent’s residual risk. Quarterhill will assume substantially all liabilities associated with the business, including surety bond obligations, while Conduent will retain a 7% equity stake in Quarterhill, providing potential upside participation.
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