Tag: Spinoff

IBM’s Managed Infrastructure Services Spinoff to Operate as ‘Kyndryl’News

IBM’s Managed Infrastructure Services Spinoff to Operate as ‘Kyndryl’

An independent company that will be formed once IBM (NYSE: IBM) spins off its managed infrastructure services business by the
Martin Schroeter to Become CEO of IBM’s ‘NewCo’ SpinoutExecutive Moves

Martin Schroeter to Become CEO of IBM’s ‘NewCo’ Spinout

Martin Schroeter, former senior vice president for global markets at IBM (NYSE: IBM), has been named CEO of NewCo, an…
Arvind Krishna to Succeed Ginni Rometty as IBM ChairmanExecutive Moves

Arvind Krishna to Succeed Ginni Rometty as IBM Chairman

Arvind Krishna, CEO and a board member of IBM (NYSE: IBM), has been elected to serve as chairman of the…
IBM to Split Into Two Public Companies; Arvind Krishna QuotedNews

IBM to Split Into Two Public Companies; Arvind Krishna Quoted

IBM (NYSE: IBM) will spin off its managed infrastructure services unit into a public company in a move to focus…
Dell Technologies Eyes Spinoff of Majority Stake in VMware; Michael Dell QuotedM&A Activity

Dell Technologies Eyes Spinoff of Majority Stake in VMware; Michael Dell Quoted

Dell Technologies (NYSE: DELL) has announced that it is considering spinning off about 81 percent of its equity ownership interest…
UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes QuotedM&A Activity

UTC-Raytheon Merger Deal Set to Close Friday; Thomas Kennedy, Greg Hayes Quoted

United Technologies Corp. (NYSE: UTX) and Raytheon (NYSE: RTN) have set the closure date of their all-stock merger for Friday, April 3, after securing all the…
European Commission OKs UTC-Raytheon MergerM&A Activity

European Commission OKs UTC-Raytheon Merger

The European Commission approved United Technologies Corp.’s (NYSE: UTX) planned $121B merger with Raytheon (NYSE: RTN), Reuters reported Friday.
UTC Board OKs Carrier, Otis Spinoffs; Greg Hayes QuotedM&A Activity

UTC Board OKs Carrier, Otis Spinoffs; Greg Hayes Quoted

The board of directors of United Technologies Corp. (NYSE: UTX) approved the spinoffs of its Carrier and Otis subsidiaries into two…
Greg Hayes: UTC Eyes Raytheon Merger Completion in AprilM&A Activity

Greg Hayes: UTC Eyes Raytheon Merger Completion in April

Greg Hayes, chairman and CEO of United Technologies Corp. (NYSE: UTX), said UTC hopes to close its potential $120B merger…
Nuclear Industry Vet David Batters Appointed AECOM SVP, Int’l Sector Lead; John Vollmer QuotedExecutive Moves

Nuclear Industry Vet David Batters Appointed AECOM SVP, Int’l Sector Lead; John Vollmer Quoted

David Batters, formerly group chief financial officer at the U.K. Nuclear Decommissioning Authority, will serve as AECOM’s (NYSE: ACM) senior…