BRIEF-Composecure Announces Plan To Spin-Off Resolute Holdings Management, Inc. To Form A Differentiated Alternative Asset Management Platform And Accelerate Value Enhancing Acquisitions For Composecure

Reuters2024-12-31

Dec 30 (Reuters) - CompoSecure Inc CMPO.O:

COMPOSECURE ANNOUNCES PLAN TO SPIN-OFF RESOLUTE HOLDINGS MANAGEMENT, INC. TO FORM A DIFFERENTIATED ALTERNATIVE ASSET MANAGEMENT PLATFORM AND ACCELERATE VALUE ENHANCING ACQUISITIONS FOR COMPOSECURE
COMPOSECURE INC - DAVID COTE TO BE EXECUTIVE CHAIRMAN, TOM KNOTT TO BE CEO OF RESOLUTE HOLDINGS
COMPOSECURE INC - TRANSACTION EXPECTED TO BE TAXABLE FOR COMPOSECURE AND SHAREHOLDERS
COMPOSECURE INC - RESOLUTE HOLDINGS EXPECTED TO HAVE LIMITED PROFITABILITY IN FY2025

Source text: ID:nGNX30NMgl

Further company coverage: CMPO.O

((Reuters.Briefs@thomsonreuters.com;))

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