Aptiv's Electrical Distribution Systems Business to Spin Off as Versigent on April 1

Versigent, a subsidiary of Aptiv, is set to spin off into an independent company on April 1. The spinoff will result in shareholders receiving one Versigent share for every three Aptiv shares they owned as of March 17. Versigent's Electrical Distribution Systems business will operate independently, with no further details on the spinoff's impact on Aptiv or Versigent's future operations.