Jacobs Solutions ( (J) ) has provided an update.
On September 27, 2024, Jacobs Solutions Inc. finalized a major transaction that spun off its Critical Mission Solutions and portions of its Divergent Solutions into a standalone public company, Amentum Holdings, Inc. (SpinCo). Jacobs shareholders received a proportional share of SpinCo stock, and Jacobs itself ended up with a 7.5% stake, while Amentum Equityholder obtained a significant portion of the shares. In addition, Jacobs received a cash payment from SpinCo of about $0.9 billion. This strategic move is expected to reshape Jacobs’ operations and offers shareholders a new investment in a now-independent SpinCo, trading under “AMTM” on the New York Stock Exchange.
For detailed information about J stock, go to TipRanks’ Stock Analysis page.
