IBM to Complete Kyndryl Spinoff Nov. 3. What Shareholders Need to Know.

IBM announced Tuesday that it volition implicit the spinoff of Kyndryl, its managed infrastructure services business, astatine the extremity of trading connected Nov. 3.

As antecedently announced, IBM (ticker: IBM) volition administer 80.1% of its Kyndryl shares to existent IBM holders. Each IBM holder volition person 1 Kyndryl shares for each 5 IBM shares held arsenic of the grounds day of Oct. 25. The organisation volition beryllium tax-free to IBM holders. Kyndryl volition commercialized connected the NYSE nether the awesome KD.

IBM...