Supervisory Board and Board of Management of Daimler AG (“ DAI ” ) to apply for the discontinuation of NYSE listing of its shares.
Daimler AG indicated in a press release that the company plans to discontinue their stock-exchange listing in New York (NYSE). According to Daimler, the delisting and deregistration is a consequence of changed investor behavior and consistently low trading volumes. Bodo Uebber, CFO of Daimler AG says,
“Daimler continues to place great importance on having an international shareholder base. At the same time, this step enhances our overall efficiency.”
AMG Market News/Source: Daimler AG – Stuttgart, May 14, 2010: The Supervisory Board and Board of Management of Daimler AG (stock – exchange symbol “ DAI ” ) have decided to apply for the discontinuation of the listing of its shares on the New York Stock Exchange (NYSE). Read more about Daimler AG to Discontinue DAI Listing on NYSE …