Ziff Davis, Inc [NASDAQ: ZD] and Consensus Cloud Solutions, Inc. [NASDAQ: CCSI] both have completed the separation. Previously, J2 Global, Inc. [NASDAQ: JCOM] disclosed the spin-off, J2 Global will be separated into two new companies named Ziff Davis and Consensus Cloud. The new company, Consensus Cloud Solutions, Inc. (Consensus), is a prominent provider of reliable information-delivery services.
After the successful completion of the spin-off, Ziff Davis common stock will commence regular-way trading today on the Nasdaq under the ticker symbol “ZD.” On the other hand, Consensus common stock will commence regular-way trading today on the Nasdaq under the ticker symbol “CCSI.” Ziff Davis and Consensus Cloud both are independent public companies.
Furthermore, the spin-off was completed through a pro-rata distribution to Ziff Davis stockholders of 80.1% of the outstanding shares of Consensus on October 7, 2021. The special dividend distribution offers Ziff Davis stockholders one share of Consensus common stock for every three shares of Ziff Davis common stock outstanding as of the close of business on October 1, 2021, the record date for the distribution.
Additionally, the CEO of Consensus disclosed that the hard work of Consensus team has displayed the firm as an offeror of reliable data exchange solutions to the healthcare industry and encourage interoperability among disparate systems and data protocols.