Aramark board of directors approves spin-off of vestis™

Philadelphia--(business wire)--aramark (nyse: armk), a global leader in food, facilities management, and uniforms, today announced that its board of directors approved the previously announced tax-free spin-off transaction of its uniforms and workplace supplies business, which will be named vestis. the spin-off is expected to be completed on september 30, 2023, and will be effected through a pro rata distribution of the common stock of vestis corporation (“vestis”). holders of aramark common st.
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