Jacobs plans one SpinCo share for every Jacobs share, with the deal expected to close on September 27, 2024. The company said the ratio applies to Jacobs common stock held at the close of business on September 23, 2024, and the record date allocation is 1 SpinCo shares per Jacobs share.

1. 01

   Jacobs plans one SpinCo share for every Jacobs share, with the deal expected to close on September 27, 2024. The company said the ratio applies to Jacobs common stock held at the close of business on September 23, 2024, and the record date allocation is 1 SpinCo shares per Jacobs share.

2. 02

   Jacobs said it expects shareholders of Jacobs to hold at least 50.1% of SpinCo common stock after the merger and post-closing adjustments, and to hold between 51% and 55%. The company said Jacobs itself expects to retain at least 7.5%, and does not intend to retain more than 8%.

3. 03

   Jacobs said SpinCo will pay Jacobs $1.0 billion, which may be adjusted based on cash, debt and working capital levels at closing. Amentum Equityholder will contribute $235.0 million in cash to Amentum immediately before the merger.

4. 04

   Jacobs said it currently estimates cost savings and operating synergies from the combination at $125 to $50 (in millions) on a gross basis, and at 175 million to 70 million net of the benefit to cost-reimbursable contracts, on a run-rate annual basis within 24 months after the transactions.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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