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8-K: Exela Announces Plans To Divest Bpa Business

8-K: Exela Announces Plans To Divest Bpa Business

8-K:Exela宣布计划剥离BPA业务
美股sec公告 ·  07/01 08:34
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On July 1, 2024, Exela Technologies, Inc., a leader in business process automation, announced its plan to explore a spinoff of its business process automation (BPA) business. The proposed spinoff would allow Exela stockholders to receive a pro-rata share of a new holding company that would own the BPA business, while still retaining their ownership in Exela, including its majority stake in XBP Europe Holdings, Inc. and the North American onsite services business, minus the BPA business. The distribution of shares is subject to customary conditions, Board approval, and the effectiveness of a registration statement to be filed by the BPA Business. Exela is also assessing the tax implications of the spinoff under Section 355(a) of the Internal Revenue Code. Legal counsel for the transaction is provided by Loeb & Loeb LLP. While the company has shared its intentions, there is no certainty that the spinoff will be completed as described or at all.
On July 1, 2024, Exela Technologies, Inc., a leader in business process automation, announced its plan to explore a spinoff of its business process automation (BPA) business. The proposed spinoff would allow Exela stockholders to receive a pro-rata share of a new holding company that would own the BPA business, while still retaining their ownership in Exela, including its majority stake in XBP Europe Holdings, Inc. and the North American onsite services business, minus the BPA business. The distribution of shares is subject to customary conditions, Board approval, and the effectiveness of a registration statement to be filed by the BPA Business. Exela is also assessing the tax implications of the spinoff under Section 355(a) of the Internal Revenue Code. Legal counsel for the transaction is provided by Loeb & Loeb LLP. While the company has shared its intentions, there is no certainty that the spinoff will be completed as described or at all.
2024年7月1日,业务流程自动化领军公司Exela Technologies宣布计划研究业务流程自动化(BPA)业务的分拆。拟议的分拆将使Exela股东获得新控股公司的按比例份额,该公司将拥有BPA业务,同时仍保留对Exela的所有权益,包括对XBP欧洲控股公司和北美现场服务业务的大部分持股,但BPA业务除外。股份分配受常规条件、董事会批准和BPA业务提出的一份注册声明的有效性的限制。Exela 还在考虑依据《内部税收法典》第355(a)条的规定对分拆产生的税收影响。交易的法律顾问由Loeb & Loeb LLP提供。虽然公司已经分享了其意图,但是否会按照描述或完全完成分拆并不确定。
2024年7月1日,业务流程自动化领军公司Exela Technologies宣布计划研究业务流程自动化(BPA)业务的分拆。拟议的分拆将使Exela股东获得新控股公司的按比例份额,该公司将拥有BPA业务,同时仍保留对Exela的所有权益,包括对XBP欧洲控股公司和北美现场服务业务的大部分持股,但BPA业务除外。股份分配受常规条件、董事会批准和BPA业务提出的一份注册声明的有效性的限制。Exela 还在考虑依据《内部税收法典》第355(a)条的规定对分拆产生的税收影响。交易的法律顾问由Loeb & Loeb LLP提供。虽然公司已经分享了其意图,但是否会按照描述或完全完成分拆并不确定。
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