08:45 AM EDT, 06/10/2024 (MT Newswires) -- Conduent ( CNDT ) said Monday it repurchased shares from investor Carl Icahn through some of his affiliates for $3.47 per share, amounting to an aggregate of about $132 million.

The Icahn affiliates no longer hold any Conduent ( CNDT ) shares following the purchase, the company said.

Conduent ( CNDT ) said it funded the purchase with cash on hand and existing credit facilities.

Hunter Gary, Jesse Lynn and Steven Miller, all employed by Icahn's affiliates, have resigned from Conduent's ( CNDT ) board of directors in relation to the transaction, the company said.