Every Spin-Off
Cerence
CRNCCompletedSpin of Cerence auto unit (CRNC)
- Distribution date
- 1 Oct 2019
- Structure
- Spin-off
- Parent
- Nuance Communications (NUAN)
- Spin-off ticker
- CRNC
- 2-year mark
- 1 Oct 2021
- Market
- United States
Section 355 clock. Two years from the distribution, an acquirer can generally step in without putting the tax-free status at risk.Window passed
1 Oct 2019100%1 Oct 2021
Source documents
- Press releaseCompletion release (10/01/19)
- PresentationInvestor presentation (09/19)
- Information statementInformation statement
Every Spin-Off research
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