Newell Rubbermaid bows out of Chicago Stock Exchange
Newell Rubbermaid is streamlining its operations by removing its common listing from the Chicago Stock Exchange next month, the company announced Thursday.
According to a company statement, the decision was enacted in an effort to trim the duplicate administrative requirements and costs resulting from the maintenance of a dual listing. Newell Rubbermaid does not believe the move will impact the liquidity of its common stock.
The Chicago Stock Exchange will continue trading the common stock on an unlisted trading privilege basis. Newell Rubbermaid will maintain its position on the New York Stock Exchange.