Aramark Services (ARMK) Board Approves Spin-Off of Vestis
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Aramark Board of Directors Approves Spin-Off of Vestis™
September 6, 2023 7:30 AM EDTSeparation expected to be completed on September 30, 2023
Vestis to begin trading on the NYSE on October 2, 2023 under ticker VSTS
PHILADELPHIA--(BUSINESS WIRE)-- Aramark (NYSE: ARMK), a global leader in food, facilities management, and uniforms, today announced that its Board of Directors approved the previously announced tax-free spin-off transaction of its uniforms and workplace supplies business, which will be named Vestis. The spin-off is expected to be completed on September 30, 2023, and will be effected through a pro rata distribution of the common stock of Vestis... More
