Jacobs to spin-off and merge its critical mission solutions and cyber & intelligence government services businesses with amentum, creating an independent, publicly traded company

Combination creates a scaled, pure play government technology solutions company positioned to address many of the world's most complex and critical challenges jacobs and jacobs' shareholders to own up to 63% of the new combined company jacobs to receive $1 billion cash dividend at closing, plus additional value after closing, through disposition of a retained stake in the combined company tax efficient transaction expected to drive significant value for jacobs' shareholders, including through an estimated $50-70 million of net cost synergies combined company will create new and enhanced opportunities for employees of both businesses advances strategic transformation of jacobs into a more streamlined, focused and higher margin portfolio, aligned to critical infrastructure and sustainability dallas , nov. 20, 2023 /prnewswire/ -- jacobs (nyse:j) announced today it has entered into a definitive agreement to spin-off and combine its critical mission solutions and cyber & intelligence government services businesses with amentum, a leading global engineering and technology solutions provider, to create a new, publicly-traded player in the government services sector. in may, jacobs first announced the intent to separate its cms business to create two separate companies, each positioned for greater success.
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