CompoSecure (CMPO) to Spin-Off Resolute Holdings Management
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CompoSecure Announces Plan to Spin-Off Resolute Holdings Management, Inc. to Form a Differentiated Alternative Asset Management Platform and Accelerate Value Enhancing Acquisitions for CompoSecure
December 30, 2024 4:04 PM UTCCompoSecure to enter into a Management Agreement with Resolute Holdings Pro rata distribution of shares in Resolute Holdings to all existing shareholders of CompoSecureSpin-off designed to accelerate value enhancing acquisitions for CompoSecure David Cote will be Executive Chairman and Tom Knott will be CEO of Resolute HoldingsTransaction is expected to be taxable for both CompoSecure and all existing shareholders Resolute Holdings expected to have limited profitability in FY2025... More
