Jacobs Solutions (J) received $70 million and the right to acquire 7.3 million shares in Amentum Holdings (AMTM) as part of the merger of Jacobs' critical mission solutions and cyber and intelligence businesses with Amentum Parent Holdings.
The money was used to repay some debt, Jacobs said Thursday in a statement.
The company intends to distribute the Amentum stock to its shareholders, subject to board approval.
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