IBM Spills Details on Kyndryl Spinoff. What You Need to Know.

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IBM late Tuesday made a key filing with the Securities and Exchange Commission disclosing details of its planned tax-free spinoff of Kyndryl, the company’s 90,000-employee IT infrastructure business. 

According to the filing, IBM (ticker: IBM) continues to expect to complete the Kyndryl spinoff before year-end. Kyndryl will list on the New York Stock Exchange under the symbol KD.


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