RESIDEO TECHNOLOGIES, INC. [REZI] - / ADI SpinCo spinoff
Resideo Technologies, Inc. will distribute 100% of the shares of common stock of ADI SpinCo to its common stockholders at a ratio of one share of ADI SpinCo for every two shares of Resideo common stock on the Distribution Date, with ADI SpinCo also issuing 150,000 shares of Series A Cumulative Convertible Participating Preferred Stock.
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