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Jan 26, 2023 · Dealt a challenging hand out of the gate. When officially separated from IBM on November 4, 2021, Kyndryl started life with $2B in cash on its books, 4,000+ enterprise customers in 60+ countries ...
Oct 12, 2021 · IBM (NYSE: IBM) announced today that its board of directors has approved the previously announced separation of Kyndryl, the company’s managed infrastructure services business. To effect the separation the IBM board of directors declared a pro rata distribution to IBM stockholders of 80.1 percent of the outstanding shares of Kyndryl. Once ...
Nov 3, 2021 · ARMONK, N.Y., November 3, 2021 - IBM (NYSE: IBM) announced today that it has completed the separation of its managed infrastructure services business to Kyndryl. Starting on November 4, 2021, Kyndryl will begin “regular way” trading on the New York Stock Exchange under the symbol “KD.”. Each holder of IBM common stock will receive one ...
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Nov 4, 2021 · NEW YORK, Nov. 4, 2021 -- Kyndryl today announced that it has completed its previously announced spin-off from IBM (NYSE: IBM) and began trading as an independent company on the New York Stock Exchange under the ticker “KD”. Kyndryl celebrated becoming an independent, publicly-traded company by ringing the Opening Bell at the Exchange ...
Nov 4, 2021 · Kyndryl Completes Separation from IBM. Published. Nov 4, 2021 6:55am EDT. Begins Trading on NYSE as World's Largest Independent IT Infrastructure Services Provider. NEW YORK, Nov. 4, 2021 ...
IBM has temporarily retained 19.9 percent equity ownership of Kyndryl following this distribution. Kyndryl (NYSE: KD) designs, builds, manages and modernizes the complex, mission-critical information systems that the world depends on every day. Kyndryl's nearly 90,000 employees serve customers in more than 60 countries around the world.
IBM currently expects to execute the separation of Kyndryl by the end of the year. The Form 10 filed on September 28, 2021 is subject to change and will be made final prior to the effective date. As the separation will occur after the end of the third quarter, IBM’s third quarter results, which we currently expect to report on October 20 ...
