09:01 AM EDT, 09/13/2024 (MT Newswires) -- Jacobs Solutions ( J ) said Friday it will spin off its Critical Mission Solutions and Cyber & Intelligence government services businesses on Sept. 23.

The company will merge its spin-off business with Amentum, which is expected to be completed on Sept. 27, to form a new public company and list its shares on the New York Stock Exchange under the Amentum Holdings name, Jacobs added.

Upon spin-off and merger completion, Jacobs said its shareholders will hold 51% of Amentum's issued and outstanding common shares, while the firm will own 7.5%, while an additional 4.5% issued and outstanding common shares of Amentum will be kept in escrow.

The merger deal was first announced in November.

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