Quick Takeaways
- Aptiv will separate its Electrical Distribution Systems business into a new public company named Versigent.
- Aptiv shareholders will receive Versigent shares ahead of the company’s expected NYSE trading debut.
Board Approves Separation
The Aptiv Versigent spin-off has been approved by the board of Aptiv, creating a new publicly traded company focused on Electrical Distribution Systems operations.
Share Distribution and Trading Timeline
Under the Aptiv Versigent spin-off plan, shareholders will receive one Versigent ordinary share for every three Aptiv shares held previously.
NYSE Listing Details
Versigent shares are expected to begin when-issued trading on the NYSE March 27, 2026.
Company Press Release
Click above to visit the official source.
Share: