Author: Jane Edwards|| Date Published: July 17, 2024
Jacobs (NYSE: J) has filed a Form 10 registration statement with the Securities and Exchange Commission regarding its plan to spin off and combine its critical mission solutions and cyber and intelligence businesses with Amentum to form a new publicly traded government technology services contractor.
Jacobs said Tuesday the information statement provides details on the separation and the merger and includes key financial information about the businesses involved in the deal.
The combined company will operate as Amentum Holdings Inc. upon the deal’s closing.
The transaction was first announced in November. The merger will be carried out through a Reverse Morris Trust transaction, establishing an independent company with an annual revenue of approximately $13 billion.
Both parties expect to close the deal during the second half of fiscal year 2024’s fourth quarter.
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