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Tuesday, June 13, 2023

Equity Corporate Actions Alert #2023 - 345
When-issued Trading Information for Fortrea Holdings Inc (FTRE), a spin off from Laboratory Corporation of America Holdings (NYSE: LH)

Category:

  • Industry Announcement

Markets Impacted:

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Laboratory Corporation of America Holdings (NYSE: LH) has announced a spin-off of Fortrea Holdings Inc. listing on Nasdaq Global Select Market with a record date of June 20, 2023. Shareholders of LH will receive one (1) share of Fortrea Holdings Inc (FTRE) for each share of LH held on the record date. The shares of FTRE will be distributed to LH shareholders on the payment date of June 30, 2023.

A when issued market will be established for Fortrea Holdings Inc. under the symbol FTREV. The details for the when issued market are as follows:

Symbol: FTREV
CUSIP: 34965K107
Anticipated First Trade Date: June 16, 2023

The first day of “regular way” trading is anticipated to be July 3, 2023. The symbol will change to FTRE on that date.

Symbol: FTRE
CUSIP: 34965K107
Anticipated Effective Date: July 3, 2023
Settlement Date: July 6, 2023

For information regarding this announcement, contact Nasdaq Corporate Data Operations at +1 877 308 0523 or Jay Heller at +1 212 401 8932.

If you would like to register as a market maker in FTREV contact Nasdaq Trade Desk at +1 212 231 5100.

For information about the record date of the distribution and ex-distribution when issued trading of LH WI, contact NYSE Market Operations at service.desk@nyse.com or +1 212 896 2830.


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