Texas Instruments to move to NASDAQ
December 27th, 2011
New York, NY, United States (AHN) – Texas Instruments is ditching the New York Stock Exchange for the NASDAQ.
Effective Jan. 1, the Dallas-based semiconductor company will transfer its stock listing. Shares will continue to trade under the symbol TXN.
A spokesperson for Texas Instruments said in a statement Thursday, “NASDAQ is home to many of the world’s best technology companies and is a natural fit for TI. NASDAQ itself has always been an early adopter of technology. This move will enhance our public visibility while offering shareholders cost-effective access to advance trading technologies.”
NASDAQ replied, “We welcome Texas Instruments to NASDAQ. TI is one of the world’s most significant global semiconductor companies and its technologies power many of the most popular consumer and enterprise electronics products on the market today. TI has a long history of focusing on shareholder value and this move will only reinforce that reputation.”
Shares of TXN closed at $28.04 on Wednesday prior to the announcement.
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Categories: Financial Stocks
