- Jacobs Engineering Group Inc (NYSE:J) intends to adopt a new holding company structure on August 29, 2022.
- Jacobs’ current stockholders will automatically become stockholders of the new parent company Jacobs Solutions Inc., on a one-for-one basis, with the same number of shares and ownership percentage.
- The company expects no material operational or financial impacts, and no stockholder vote is required.
- Following the transaction, Jacobs Solutions Inc. will replace Jacobs Engineering Group Inc. as the public company listed on the NYSE and trade uninterrupted under the existing symbol “J.” The new CUSIP number (46982L 108) has been issued.
- Price Action: J shares are trading higher by 0.04% at $135.16 on the last check Friday.
Why Take-Two Stock Is Down Today
Take-Two reported third-quarter total net bookings of $1.34 billion, down 3% year-over-year. The company reported GAAP net revenue of $1.37 billion, also down by 3%, and a GAAP loss per share of 54 cents. Take-Two revised its 2024 net bookings forecast lower to $5.25 billion and $5.3 billion, down from $5.45 billion and $5.55 billion earlier.
