Wal-Mart to Withdraw from NYSE Arca

Wal-Mart Stores, Inc., today announced that it plans to voluntarily withdraw the listing of its common stock on NYSE Arca Equities, Inc., formerly the Pacific Exchange. Wal-Mart’s common stock will continue to be listed on the New York Stock Exchange under the symbol WMT.
The NYSE Group, Inc. recently informed Wal-Mart that NYSE Arca Equities, Inc. intends to focus on primary listings of securities that are not also listed on the New York Stock Exchange. As a result, Wal-Mart has decided to voluntarily withdraw its listing from NYSE Arca Equities, Inc. in order to eliminate duplicative administrative requirements and costs resulting from such dual listing.
Wal-Mart does not expect this decision to have any effect on the trading market for or liquidity of its common stock.

Was this article helpful?

Related Articles

Leave A Comment?