Jacobs Solutions clears HSR waiting period for Amentum transaction; will cap ownership at 8%

JACOBS SOLUTIONS INC.

HSR waiting period for Jacobs-Amentum Reverse Morris Trust deal expired Feb. 16, 2024 at 11:59 PM ET.
Jacobs expects transaction to close in second half of fiscal 2024, subject to remaining conditions (IRS ruling, regulatory approvals, SEC effectiveness).
Jacobs will not retain more than 8% of combined company's issued shares; excess will be distributed to Jacobs shareholders at or shortly after close.
Transaction involves Jacobs' Critical Mission Solutions and Cyber & Intelligence businesses combining with Amentum.

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