News

(RTTNews) - Aptiv (APTV) announced that its Board of Directors has unanimously approved a plan to separate its Electrical Distribution Systems business from Aptiv, creating two independent companies. The new EDS will be a global provider of low voltage and high voltage electrical architectures for automotive and commercial vehicle markets.

The separation transaction is expected to be effected through a spin-off of EDS, under which Aptiv shareholders will retain their current shares of Aptiv stock and receive a pro-rata dividend of shares of the new EDS company stock. Aptiv is targeting completion of the separation by March 31, 2026.

Aptiv affirmed full-year 2024 outlook, as previously provided on October 31, 2024.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.