4 Things to Know About IBM's Spin-Off Plans
IBM's (NYSE: IBM) stock recently rallied after the tech giant announced it would spin off its managed infrastructure services unit into a new company. That split will enable IBM to divest its slower-growth IT services and focus on its higher-growth hybrid cloud and AI businesses.
Investors cheered the move, which marks Arvind Krishna's boldest decision as IBM's CEO since taking the helm in April. But how will the move affect IBM's current investors? Let's review four key things investors should know about Big Blue's upcoming split.
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Source Fool.com
