ADI Global Distribution to Begin Trading on NYSE After Spin-Off from Resideo

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Summary · why it matters

ADI Global Distribution will make its trading debut on the New York Stock Exchange under the ticker symbol ADIG following its spin-off from Resideo. The company's CEO Rob Aarnes is set to discuss new opportunities for the independent public company on NYSE Live. The spin-off was completed, and ADI will now operate as a standalone public entity. The NYSE provided the update in its pre-market advisory on August 4th, which also noted earnings reports from Caterpillar, McDonald's, and Pfizer, and ICE Brent Crude trading at $81 a barrel amid Middle East developments.

Impact on assets 6

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ADI Global DistributionPrivate▲ Positive
Capitalrelevance

ADI begins trading as an independent public company after spin-off.

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