UPDATE: Piper Sandler Downgrades j2 Global Communications (JCOM) to Neutral
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J2 Global Announces Plan to Separate Into Two Leading Publicly Traded Companies
April 19, 2021 4:00 PM EDTLOS ANGELES--(BUSINESS WIRE)-- J2 Global, Inc. (NASDAQ: JCOM), a leading internet information and services company, today announced its plan to separate the company into two independent publicly traded companies J2 Global and Consensus through a spin-off of at least 80.1% of the outstanding shares of Consensus common stock to J2 shareholders. The separation is expected to be completed in the third quarter of 2021. Upon completion of the transaction, shareholders will own two category-leading independent public companies, each well positioned for long-term success and superior value creation. J2 will host a live audio webcast... More