XELA Stock Alert: Exela Announces Spinoff of BPA Company
XELAExela Technologies(XELA) Investor Place·2024-07-01 22:34

Exela Technologies (NASDAQ:XELA) stock is on the move Monday after the digital business process services company announced plans for a spinoff of its business process automation (BPA) business.Exela Technologies’ board of directors has authorized the spinoff of its BPA business to shareholders of XELA stock. This has it planning to distribute shares of this new company to XELA investors on record as of sometime in Q3 or Q4.Investors won’t have to take any action to get the shares in the Exela Technologies B ...