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Cognizant Issues Statement in Response to Elliott Management Letter

Montag, 28.11.2016 20:20 von

PR Newswire

TEANECK, N.J., Nov. 28, 2016 /PRNewswire/ -- Cognizant Technology Solutions Corporation (NASDAQ: CTSH), a leading provider of information technology, consulting, and business process services, today issued the following statement in response to the open letter issued by Elliott Management Corp. ("Elliott"):

Cognizant welcomes open communications with all of its shareholders and values their input. The Cognizant Board of Directors and management team regularly review the Company's strategic priorities and opportunities towards the goal of enhancing value for all shareholders.

Cognizant had an introductory discussion with Elliott upon receipt of the letter this morning. The Company intends to review the letter carefully and will respond in due course.

About Cognizant

Cognizant (NASDAQ: CTSH) is a leading provider of information technology, consulting, and business process services, dedicated to helping the world's leading companies build stronger businesses. Headquartered in Teaneck, New Jersey (U.S.), Cognizant combines a passion for client satisfaction, technology innovation, deep industry and business process expertise, and a global, collaborative workforce that embodies the future of work. With over 100 development and delivery centers worldwide and approximately 255,800 employees as of September 30, 2016, Cognizant is a member of the NASDAQ-100, the S&P 500, the Forbes Global 2000, and the Fortune 500 and is ranked among the top performing and fastest growing companies in the world. Visit us online at www.cognizant.com or follow us on Twitter: Cognizant.

 

Cognizant Logo. (PRNewsFoto/Cognizant)

 

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SOURCE Cognizant