Aramark Announces Filing Of Form 10 Registration Statement In Connection With Planned Spin-Off Of Aramark Uniform Services
Portfolio Pulse from Happy Mohamed
Aramark (NYSE:ARMK) has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission (SEC) in relation to the planned spin-off of Aramark Uniform Services into a standalone publicly traded company. The spin-off is expected to be completed by the end of Aramark's fiscal year, subject to customary closing conditions.
August 15, 2023 | 8:22 pm
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Aramark's filing of Form 10 for the spin-off of Aramark Uniform Services could potentially impact the company's stock in the short term.
The filing of Form 10 is a significant step towards the spin-off of Aramark Uniform Services. This could potentially lead to changes in the company's stock price as investors react to the news. However, the exact impact will depend on various factors including the market's perception of the spin-off and the overall market conditions.
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