Target Corporation to withdraw Pacific Exchange Listing
08 Dec '06
1 min read
Target Corporation announced that it plans to withdraw the listing of its common stock from NYSE Arca Inc, formerly the Pacific Exchange. Target Corporation common stock will continue to be listed on the New York Stock Exchange.
Target has decided to withdraw its listing from NYSE Arca Inc to avoid the increased fees associated with dual listings resulting from the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca.
The withdrawal is expected to be effective within the next month.
Target does not believe that withdrawing its listing from NYSE Arca Inc will have any impact on the liquidity of its stock. NYSE Arca will continue to trade Target Corporation stock on an unlisted trading privilege basis.
marketing@alchempro.com
