logo
Share SHARE
FONT-SIZE Plus   Neg

ADP To Withdraw CSE Listing, Retains Nasdaq Listing

Automatic Data Processing, Inc. (ADP: Quote) said Wednesday that it plans to voluntarily withdraw the listing of its common stock from the Chicago Stock Exchange.

The company also said its common stock will continue to be listed on the NASDAQ Global Select Market.

The company said it has decided to withdraw its listing from the Chicago Stock Exchange to streamline operations and eliminate duplicative administrative requirements and costs inherent with dual listings. The withdrawal is expected to be effective within the next month.

The company does not believe that withdrawing its listing from the Chicago Stock Exchange will have any impact on the liquidity of its common stock. The Chicago Stock Exchange will continue to trade ADP common stock on an unlisted trading privilege basis.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Verizon Communications' FiOS TV service has modified its programming bundles and will now offer new packages so that users can subscribe only for channels they prefer to watch. Instagram, the photo sharing app owned by Facebook, has updated its community guidelines to disallow nudity and harassment in uploaded photos and pictures, as well as cyber bullying. Lorillard Inc (LO) on Friday reported a better-than-expected increase in first-quarter profit, driven by higher for cigarettes, including its flagship brand Newport, partly offset by weak demand for electronic cigarettes. CEO Murray Kessler said increased unit volumes, robust pricing realization and...
comments powered by Disqus
RELATED NEWS
Trade ADP now with 
Follow RTT