Now that it has merged with Kmart, Sears is going to Nasdaq after 95 years on the New York Stock Exchange.
The merger of Sears Roebuck and Kmart will create Sears Holdings which will be listed on Nasdaq. Its symbol has not been announced yet.
Nasdaq President and CEO Robert Greifeld is proud to have Sears as a listing.
"Sears joins industry leaders who value a transparent marketplace and who seek to redefine their respective industries through leadership and innovation," he said.
"It should be understood that Kmart, a Nasdaq-listed company, was the acquiring company in this transaction. Sears' application for a Nasdaq quotation was expected," said a spokesman for NYSE.
There was stiff competition between NYSE and Nasdaq for the new Sears listing.
WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.
Sears Launches Shopping Site For TweensSears Smacked Over BadwareNet Loss For Sears Holdings Corp.Sears Looks For Alternatives For Orchard SeparationSears Reformats Off-mall StoresSears Canada May Sell Credit Card BusinessSears and Kmart Get Their Merger ApprovalSears and Kmart Set Date for Shareholder VotingSears Kmart Merger Approved By ShareholdersIs Sears Looking to Sell Lands' End?
Comments
Post new comment