Aramark shares are trading lower after the company completed the spin off of its uniform and workplace supplies business, Vestis.
Portfolio Pulse from Luke J Jacobi
Aramark has completed the spin off of its uniform and workplace supplies business, Vestis, causing its shares to trade lower.
October 02, 2023 | 12:48 pm
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NEGATIVE IMPACT
Aramark's stock is trading lower after the company completed the spin off of its uniform and workplace supplies business, Vestis.
The spin off of a significant part of Aramark's business, Vestis, has led to a decrease in the company's stock price. This is likely due to investors' uncertainty about the company's future profitability without this business segment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100