Brooks Automation (BRKS) To Separate Into Two Independent Publicly Traded Companies
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Brooks Announces Intention To Separate Into Two Independent Publicly Traded Companies
May 10, 2021 4:03 PM EDTCHELMSFORD, Mass., May 10, 2021 /PRNewswire/ --Â Brooks Automation, Inc. ("Brooks") (Nasdaq: BRKS) today announced its intention to separate its business into two independent, and publicly-traded companies.
The transaction is intended to be structured as a pro-rata distribution of shares to Brooks shareholders in a tax-efficient manner and will establish:
A pure-play life sciences company with market-leading sample-based solutions and genomics services. The company will be renamed before the separation is completed to reflect its strategic focus. This business generated revenue of $449 million in the twelve months ending March 31, 2021. A highly... More