M&A
confidence high
sentiment positive
materiality 0.85
Amazon Holdco spin-off cleared by SEC; merger with Amentum expected Sept 27; AMTM to trade
Amentum Holdings, Inc.
- SEC declared effective Registration Statement on Form 10 for spin-off of Amazon Holdco (to be renamed Amentum Holdings).
- Record date for distribution: Sept 23, 2024; spin-off and merger with Amentum expected Sept 27, 2024.
- Post-close ownership: Jacobs shareholders 51%, Jacobs 7.5%, Amentum Equityholder 37%; 4.5% in escrow as contingent consideration.
- When-issued trading (AMTM WI) starts Sept 24; regular-way (AMTM) starts Sept 30.
- Jacobs intends to dispose of its 7.5% stake in the combined company within 12 months of distribution.