On April 1, 2019, KAR Auction Services, Inc. announced that it has received a favorable private letter ruling from the IRS to the IAA spin. As per the latest Form 10, IAA's debt is pegged at approximately $1,330.0 million upon completion of the separation. Spin-off completion is expected in 2Q.
KAR Auctions Services Targets Spin Of Insurance Auto Auctions Spinco In 2Q
Forbes - 23 Apr 2019 18:18
On April 1, 2019, KAR Auction Services, Inc. announced that it has received a favorable private letter ruling from the IRS to the IAA spin. As per the latest Form 10, IAA's debt is pegged at approximately $1,330.0 million upon completion of the separation. Spin-off completion is expected in 2Q.
Share this Article
Recommended