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Yesterday, CSX Corp. announced it plans to delist its common shares from the London Stock Exchange at the close of business on Sept. 8.
The secondary listing has low trading volumes and is costing CSX more to maintain, company officials said in a prepared statement.
The decision to delist — which didn't require approval by United Kingdom stockholders — won't affect CSX's listing on the New York Stock Exchange.
8/11/2004
Rail News: Rail Industry Trends
CSX to pull listing from London Stock Exchange next month
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Yesterday, CSX Corp. announced it plans to delist its common shares from the London Stock Exchange at the close of business on Sept. 8.
The secondary listing has low trading volumes and is costing CSX more to maintain, company officials said in a prepared statement.
The decision to delist — which didn't require approval by United Kingdom stockholders — won't affect CSX's listing on the New York Stock Exchange.
