other material
confidence high
sentiment neutral
materiality 0.65
Vestis spin-off from Aramark cleared: Form 10 effective; record/split dates set
Vestis Corp
- SEC declared Vestis Form 10 registration effective on Sept 8, 2023.
- Distribution ratio: 1 Vestis share for every 2 Aramark shares held.
- Record date: Sept 20, 2023; distribution expected Sept 30, 2023.
- When-issued trading of VSTS WI begins Sept 27; regular-way VSTS starts Oct 2.
- Final information statement dated Sept 11, 2023 attached as Exhibit 99.1.