Summary
CSX Corporation has announced its intention to voluntarily delist its common stock from the New York Stock Exchange (NYSE) and transfer its listing to The Nasdaq Global Select Market (Nasdaq). This transition is scheduled to occur after the close of trading on December 21, 2015, with trading on Nasdaq commencing on December 22, 2015. The company's stock will continue to trade under its existing ticker symbol, 'CSX'. This move represents a strategic decision by CSX to potentially leverage Nasdaq's market environment and technology infrastructure. Investors should note that the underlying business and financial operations of CSX remain unchanged, and the change is purely an administrative and listing-related event. The company has provided notice to the NYSE and has secured approval for listing on Nasdaq, ensuring a seamless transition for shareholders.
Key Highlights
- 1CSX Corporation is voluntarily delisting its common stock from the NYSE.
- 2The stock will transfer to The Nasdaq Global Select Market (Nasdaq).
- 3The delisting from NYSE is effective after market close on December 21, 2015.
- 4Listing on Nasdaq will be effective at the market open on December 22, 2015.
- 5The stock will continue to trade under the ticker symbol 'CSX' on Nasdaq.
- 6This is a listing transfer, not a change in the company's business operations or financial status.