United States

Cognizant launches $1.5 bln accelerated share repurchase

Tuesday, 14 Mar 2017 08:00am EDT 

Cognizant Technology Solutions Corp : Cognizant launches $1.5 billion accelerated share repurchase . Cognizant Technology Solutions Corp- under terms of ASR agreements, about 21.5 million of shares to be repurchased will be received by co on March 14, 2017 .Cognizant Technology Solutions Corp says Cognizant will fund ASR program on march 14, 2017 from cash on hand and its existing credit facility.