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Kimball International Inc announces plan to spin off its electronics manufacturing services segment

Monday, 20 Jan 2014 12:00am EST 

Kimball International Inc:Says Board of Directors has unanimously approved a plan to enhance shareholder value through a tax free spin-off of its electronic manufacturing services (EMS) segment.Says The separation will result in two standalone publicly-traded companies: Kimball International Inc and Kimball Electronics Inc.Says Board expects the spin-off, which is intended to be tax-free to shareholders, to be completed in about 8 - 12 months. 

Company Quote

-0.52 -3.31%
15 Sep 2014