Under the terms discussed, Amentum would merge with Jacobs’ Critical Mission Solutions (CMS) business to create a new publicly traded company that would be majority-owned by Jacobs’ shareholders, the sources said.
The contemplated deal would utilize a so-called Reverse Morris Trust structure that would make the transaction tax-free to Jacobs shareholders, the sources added.
If the negotiations between Jacobs and Amentum’s owners — buyout firms American Securities and Lindsay Goldberg — conclude successfully, a deal may be announced by Nov. 21, when Jacobs is scheduled to report its fourth-quarter earnings, according to the sources…
Source: Jacobs poised to merge government consulting unit with Amentum. By David Carnevali, November 16, 2023. StreetInsider.
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