Jacobs to Implement New Holding Company Structure

Marks milestone in long-term company transformationJacobs Solutions Inc. to begin trading on August 29DALLAS, Aug. 19, 2022 /PRNewswire/ -- Jacobs (NYSE:J) announced that it intends to adopt a new holding company structure on Aug. 29, 2022. The name of the new parent company, Jacobs Solutions Inc., more closely aligns with Jacobs' public identity as a global technology-forward solutions company.The internal transaction is intended to be tax-free for Jacobs and its stockholders for U.S. federal income tax purposes.Jacobs' current stockholders will automatically become stockholders of Jacobs Solutions Inc. on a one-for-one basis, with the same number of shares and same ownership percentage of Jacobs' common stock that they held immediately prior to the holding company transaction. No material operational or financial impacts are expected, and no stockholder vote is required.