Jacobs plans to adopt a new holding company structure Aug. 29, with the new name Jacobs Solutions Inc.
The new name closer aligns with Jacobs’ public identity as a global technology-forward solutions company, the company said.
The internal transaction is intended to be tax-free for Jacobs and its stockholders for U.S. federal income tax purposes. Jacobs’ current stockholders will automatically become stockholders of Jacobs Solutions Inc.
After the transaction, Jacobs Solutions Inc. will replace Jacobs Engineering Group Inc. as the public company listed on the NYSE and Jacobs Solutions Inc.’s common stock will trade on the NYSE on an uninterrupted basis under the existing symbol “J.”