LAKE FOREST, Ill. – Brunswick Corp. plans to voluntarily withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Stock Exchange, but will continue to list its common stock on the New York Stock Exchange, Brunswick reported in a release yesterday.
The company said its decision to voluntarily withdraw listing from NYSE Arca was made to eliminate duplicative administrative requirements inherent with its dual listing resulting from the NYSE Group’s merger with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is expected to be effective within the next month.
The company said it did not believe that withdrawing its listing would have an adverse effect on the liquidity of its stock. NYSE Arca will continue to trade Brunswick common stock on an unlisted trading privilege basis.
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