Aptiv Announces Spin-Off of Electrical Distribution Systems Business
Aptiv PLC announced that its Board of Directors approved the previously announced spin-off of its Electrical Distribution Systems business into a new publicly traded company, Versigent, including the associated record date, distribution date and distribution ratio for the spin-off. The record date will be as of the close of trading (New York City time) on March 17, 2026, and the distribution will be before market open on April 1, 2026. Aptiv shareholders as of the record date will be entitled to receive one ordinary share of Versigent for every three ordinary shares, and will receive cash in lieu of any fractional shares.
