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On Monday, IBM will hold a meeting with analysts, presumably to discuss the financial details of its coming spinoff of Kyndryl, the company’s 90,000-employee IT infrastructure business. You might want to be long the stock headed into the event.
Earlier this week, IBM (ticker: IBM) made an important filing with the SEC about the spinoff. It gave investors a first look at some of the financial details of the transaction, which it expects to close before year end. IBM expects to distribute at least 80.1% of the new company’s…