Resideo Sets July 20 Record Date for ADI Spin-Off, Trading to Begin August 4
REZI sits 43% above its 52-week low of $21.81.
Summary
Resideo's Board has approved the spin-off of ADI Global Distribution, setting a record date of July 20, 2026, and a distribution date of August 3, 2026. Shareholders will receive one ADI share for every two Resideo shares held. ADI is slated to begin trading independently on the NYSE under the ticker "ADIG" on August 4, 2026. This announcement provides the final, critical execution dates for the long-anticipated corporate separation, following months of regulatory filings and financing activities. The completion of ADI's $400 million senior notes offering and new credit facilities also ensures its financial readiness as a standalone entity. Investors will watch ADI's trading performance closely after its debut.
At the time of this announcement, REZI was trading at $31.12 on NYSE in the Technology sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $21.81 to $45.29. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: PR Newswire.