Cognizant Domestic Holdings Corporation /
Propulsion Holdings, LLC
Cognizant to acquire Propulsion Holdings in a reverse subsidiary merger
What happened
Cognizant Domestic Holdings Corporation agreed to acquire 100% of the units of Propulsion Holdings, LLC, the indirect parent of Belcan, LLC. The transaction is expected to close in the quarter ending September 30, 2024, subject to closing conditions.
The aggregate purchase price is approximately $1.29 billion, consisting of $1.19 billion in cash and 1,470,589 shares of Cognizant Technology Solutions Corporation Class A Common Stock.
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Cognizant to acquire Propulsion Holdings in a reverse subsidiary merger
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