International Business Machines Corp.

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Divestitures / Spin-offs, Earnings Announcements

IBM Board Of Directors Approves Separation Of Kyndryl

Published: 10/12/2021 12:52 GMT
International Business Machines Corp. (IBM) - Ibm Board of Directors Approves Separation of Kyndryl.
Ibm - Record Date for Distribution of Kyndryl Shares Will Be October 25, 2021.
Ibm - Distribution Date for Kyndryl Shares Anticipated to Be November 3.
Ibm - to Effect Separation Ibm Board Declared a Pro Rata Distribution to Ibm Stockholders of 80.1 Percent of Outstanding Shares of Kyndryl.
Ibm - Ibm Will Retain 19.9 Percent of Shares of Kyndryl Common Stock.
Ibm - Each Holder of Ibm Common Stock Will Receive 1 Share of Kyndryl Common Stock for Every 5 Shares of Ibm Common Stock Held on October 25, 2021.
Ibm - Distribution Will Be Conducted in a Tax-efficient Manner for Ibm Stockholders in U.S.
Revenue is expected to be $19.04 Billion
Adjusted EPS is expected to be $3.77

Next Quarter Revenue Guidance is expected to be $16.3 Billion
Next Quarter EPS Guidance is expected to be $1.98

More details on our Analysts Page.