logo
Share SHARE
FONT-SIZE Plus   Neg

ADP To Withdraw CSE Listing, Retains Nasdaq Listing

Automatic Data Processing, Inc. (ADP) 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
General Motors' Chevrolet, the first automotive brand to add 4G LTE connectivity across its entire vehicle portfolio, has now slashed its OnStar 4G LTE data plan pricing by up to 50 percent ahead of the upcoming 2016 Independence Day, the company said in a statement. Shares of Tractor Supply Co. (TSCO) slipped over 7 percent in the extended hours after the company issued a weak second-quarter guidance and lowered its annual outlook, due to weak sales of its seasonal products. For the second quarter, the company now expects earnings of $1.15 to $1.16 per share... Hard-disk driver maker Seagate Technology plc (STX) late Wednesday said it was cutting 1,600 jobs or about 3% of its global workforce to curb expenses. The company expects to save about $100 million a year, having a favorable impact on cost of revenue and operating expenses by about $48 million and...
comments powered by Disqus
Follow RTT