Hakeem Olorun-Owe

Hakeem Olorun-Owe asked about the expected achievement of 100-200 basis points of revenue synergies from the merger and the associated margin assumption. He also sought clarification on the dual listing strategy, noting the slide indicated a New York Stock Exchange only listing.

Answer

CFO Carl Anderson stated that more detail on revenue synergies would be provided later, but the combined company expects overall margins in the 19%-20% range, driven by detailed cost action plans across SG&A, operations, and purchasing. CEO Chris Villavarayan clarified that the New York Stock Exchange would be the primary listing, with a potential 12-month dual listing period before transitioning to NYSE only.

Hakeem Olorun-Owe (Bank of America) asked about the expected areas for achieving the 100-200 basis points of revenue synergies from the merger and the associated margin assumption. He also sought clarification on the dual listing plan, specifically if the New York Stock Exchange would be the sole listing going forward.

Answer

CEO Chris Villavarayan stated that more details on revenue synergies would be provided closer to the merger, but the combined company expects overall margins in the 19%-20% range, driven by detailed cost action plans across SG&A, operations, and purchasing. He clarified that the New York Stock Exchange would be the primary listing, with a potential dual listing for about 12 months before transitioning to NYSE only.