Business
Jacobs Solutions Announces Special Dividend of 7,299,065 Shares of Amentum Common Stock
Jacobs (NYSE: J) announced today that its Board of Directors approved a special dividend of 7,299,065 shares of common stock of Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum") distributable to Jacobs' shareholders of record as of the close of business on May 16, 2025 (the "Amentum Share Dividend"). Jacobs expects the Amentum Share Dividend to be made on May 30, 2025. No shareholder action is necessary to receive the Amentum Share Dividend.
About this update from Amentum Holdings, Inc.
[{"type":"text","content":"Record date set for May 16, 2025","length":32,"tagName":"p","attribs":{}},{"type":"text","content":"DALLAS, April 30, 2025 /PRNewswire/ -- Jacobs (NYSE: J) announced today that its Board of Directors approved a special dividend of 7,299,065 shares of common stock of Amentum Holdings, Inc. (NYSE: AMTM) ("Amentum") distributable to Jacobs' shareholders of record as of the close of business on May 16, 2025 (the "Amentum Share Dividend"). Jacobs expects the Amentum Share Dividend to be made on May 30, 2025. No shareholder action is necessary to receive the Amentum Share Dividend.","length":506,"tagName":"p"},{"type":"text","content":"RMT Transaction Background","length":26,"tagName":"p"},{"type":"text","content":"On September 27, 2024, Jacobs' Critical Mission Solutions business and portions of its Divergent Solutions business were spun-off and immediately merged with the legacy Amentum business in a Reverse Morris Trust transaction (the spin-off and merger, together, the "RMT Transaction"). A portion of the merger consideration in connection with the consummation of the RMT Transaction was not finally determined by the effective time of the RMT Transaction. Accordingly, certain shares of Amentum common stock were placed in escrow pending the determination of whether Amentum Joint Venture LP or Jacobs was entitled to such consideration. Thereafter, following the final determination of the merger consideration amounts, 7,299,065 shares of Amentum common stock were released to Jacobs from escrow. Following the distribution of these shares to Jacobs' shareholders, all shares previously held in escrow will have been distributed, and Jacobs will not own any shares of Amentum common stock.","length":1012,"tagName":"p"},{"type":"text","content":"More Information Regarding Distribution ","length":39,"tagName":"p"},{"type":"text","content":"The distribution by Jacobs of the Amentum Share Dividend will be made to all Jacobs' shareholders as of the close of business on the record date of May 16, 2025, and will be in the form of a pro rata dividend distributable to Jacobs' shareholders. The final distribution ratio will be calculated by dividing 7,299,065 (the number of shares of Amentum common stock to be distributed) by the number of shares of Jacobs common stock outstanding on the record...