Exela Announces Plans to Spinoff Its BPA Business to Maximize Shareholder Value
IRVING, Texas, July 01, 2024 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ: XELA, XELAP), a business process automation leader, today announced that its Board of Directors (the “Board”) has authorized Exela to consider a spin-off of its wholly-owned subsidiary, Exela Technologies BPA, LLC, to Exela stockholders to maximize shareholder value. The potential spin-off, if completed, would likely be structured so that all Exela stockholders as of a record date in the