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Conduent Amends Modaxo Deal for Transit Business Sale; Closes for $164 Million
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Conduent entered into a First Amendment to its Equity Interest Purchase Agreement with Modaxo France Holdings and Modaxo Group on Sep 30 2026 to finalize the sale of its public transit and fare collection business. The amendment designates Modaxo France Holdings as the sole buyer, schedules a subsequent India asset closing pending regulatory approval, and waives certain governmental filing conditions. The transaction closed on Oct 1 2026 with $140 million in cash at…