Resideo completes tax-free spin-off of ADI Global Distribution in corporate breakup

Reuters2026/08/07 20:12

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Resideo completed the spin-off of its wholesale distribution business, ADI Global Distribution, on Aug. 3, 2026.
Transaction structured as a tax-free, pro rata distribution of 100% of ADI common stock to Resideo shareholders.
Shareholders received 1 ADI share for every 2 Resideo shares held as of July 20, 2026.
ADI began trading on the NYSE under the symbol ADIG.
Resideo no longer consolidates ADI; ADI results will be reported as discontinued operations under U.S. GAAP.

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. Resideo Technologies 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: 0001213900-26-086692), on August 07, 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 completes tax-free spin-off of ADI Global Distribution in corporate breakup

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