Cognizant Strikes $1.3B Cash-and-Stock Deal for Belcan; Ravi Kumar S Quoted

Cognizant (Nasdaq: CTSH) has agreed to acquire Belcan in a cash-and-stock transaction worth approximately $1.3 billion to expand its engineering research and development capabilities and presence in the aerospace and defense industry. Cognizant said Monday it expects the transaction to conclude in the quarter ending Sept. 30, subject to regulatory clearances and other customary closing

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