Summary
Cadence Design Systems, Inc. (CDNS) has filed an 8-K report to announce its intention to voluntarily delist from the New York Stock Exchange (NYSE) and transition to trading solely on the NASDAQ National Market (NASDAQ). This change is expected to be effective on or about October 28, 2005, with trading on NASDAQ commencing on October 31, 2005. This move signifies a consolidation of the company's listing to a single exchange. Investors should note that this is a voluntary action by Cadence and not a result of failure to meet NYSE listing requirements. The company is opting to trade exclusively on NASDAQ. A press release detailing this transition is included as an exhibit to this filing, providing further context for stakeholders.
Key Highlights
- 1Cadence Design Systems (CDNS) is voluntarily delisting from the New York Stock Exchange (NYSE).
- 2The company will solely trade on the NASDAQ National Market (NASDAQ) after the transition.
- 3The delisting from NYSE is expected to be effective around October 28, 2005.
- 4Trading on NASDAQ as a sole listing is planned to commence on October 31, 2005.
- 5This filing serves as official notification of the planned exchange transfer.
- 6A press release from October 26, 2005, is attached as Exhibit 99.1 and provides further details.