12:36 PM EDT, 07/30/2025 (MT Newswires) -- Resideo Technologies ( REZI ) shares jumped more than 19% in recent trading on Wednesday after the company said it agreed to make a one-time payment of $1.59 billion to Honeywell ( HON ) to eliminate all its future obligations under a 2018 spin-off agreement.

When the agreement closes, Resideo ( REZI ) said it will no longer be obligated to make annual payments to Honeywell ( HON ) of up to $140 million until 2043.

The company also plans to spin off its ADI Global Distribution business through a tax-free transaction expected to close in H2 of next year.

Price: 29.23, Change: +4.68, Percent Change: +19.04