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Labcorp announces Fortrea spinoff record, distribution date, gets Nasdaq listing approval

Jun. 09, 2023 5:52 PM ETLaboratory Corporation of America Holdings (LH)By: Anuron Mitra, SA News Editor
Notebook written with text SPINOFF. A business concept.

Abu Hanifah

  • Labcorp (NYSE:LH) on Friday said the listing of its planned spinoff of its clinical development business Fortrea had been approved by the Nasdaq stock market.
  • The company is pursuing the spinoff as a tax-free transaction through a dividend of Fortrea's shares to

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