Jacobs Solutions Announces Record Date Set For September 23, 2024 And Distribution Date Set For September 27, 2024 For The Spin-Off Of Its Critical Mission Solutions And Cyber & Intelligence Government Services Businesses Named Amentum Holdings, Inc.
Portfolio Pulse from Benzinga Newsdesk
Jacobs Solutions is set to spin off its Critical Mission Solutions and Cyber & Intelligence government services businesses, merging them with Amentum Holdings, Inc. The record date is September 23, 2024, and the distribution date is September 27, 2024. This move will create a new publicly traded company, Amentum Holdings, Inc., listed on the NYSE.
September 13, 2024 | 12:12 pm
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Jacobs Solutions is spinning off its Critical Mission Solutions and Cyber & Intelligence government services businesses, merging them with Amentum Holdings, Inc. This strategic move will result in a new publicly traded company on the NYSE.
The spin-off and merger are significant corporate actions that could unlock value for Jacobs shareholders by creating a new entity focused on government services. This could lead to a positive short-term impact on Jacobs' stock price as investors anticipate the benefits of the transaction.
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