Mantle Ridge Said to Build $1 Billion-Plus Cognizant Stake (Bloomberg) -- Activist investor Mantle Ridge has built a stake of more than $1 billion in the technology services firm Cognizant Technology Solutions Corp., according to a person familiar with the matter.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gaug
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Activist investor Mantle Ridge has acquired a stake exceeding $1 billion in Cognizant Technology Solutions Corp. They are advocating for improved profit margins but do not plan to nominate directors to the board. Cognizant's shares rose 5.1% in late trading, closing at $83.23, with a market value of approximately $41 billion.
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