Summary
Teradyne, Inc. (TER) announced on November 14, 2018, its decision to voluntarily withdraw its common stock listing from the New York Stock Exchange (NYSE) and transfer to The Nasdaq Global Select Market (Nasdaq). This strategic move is effective on November 27, 2018, with trading on the NYSE concluding at market close on November 26, 2018. The company's common stock will continue to trade under its existing ticker symbol "TER" on Nasdaq.
Key Highlights
- 1Voluntary delisting from NYSE to transfer to Nasdaq.
- 2Effective date for Nasdaq listing is November 27, 2018.
- 3Trading on NYSE will cease after market close on November 26, 2018.
- 4Common stock will retain the ticker symbol "TER".
- 5The Nasdaq Global Select Market is the listing venue.
- 6The decision was authorized by Teradyne's Board of Directors.
Frequently Asked Questions
The filing does not provide specific reasons for the move, but companies often transfer listings for various strategic reasons, which can include potential cost savings, access to different investor bases, or alignment with the company's industry peers.
No, your existing shares of Teradyne common stock will not be affected. The move is a change in where the stock is listed and traded, not a change in the ownership or number of shares you hold. Your shares will automatically begin trading on Nasdaq.
Trading of Teradyne's common stock is expected to begin on the Nasdaq Global Select Market at market open on November 27, 2018.
No, Teradyne's common stock will continue to trade under its established ticker symbol, "TER".