Resideo to spin off ADI Global Distribution, list shares on NYSE as ADIG

Reuters2026/08/04 10:40

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Resideo will spin off its ADI Global Distribution business into a standalone, NYSE-listed distributor focused on low-voltage security and AV products.
Distribution set for Aug. 3, 2026, 5:00 p.m. ET; holders of Resideo common stock on July 20, 2026 receive 1 ADI share per 2 Resideo shares.
ADI has applied to list on the NYSE under “ADIG”; Resideo will continue trading under “REZI.”
Spin-off financing includes about USD 1 billion of new debt; ADI expects to pay a one-time cash dividend of about USD 900 million to Resideo.
Resideo preferred holders will exchange part of their stake into ADI preferred stock; it carries a 7% dividend rate and an initial conversion price of USD 16.152.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ADI Global Distribution Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-084882), on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Resideo to spin off ADI Global Distribution, list shares on NYSE as ADIG

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