Pilgrim's Pride to switch to NASDAQ
Pilgrim's Pride has announced that it will voluntarily transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ Global Select Market, an exchange of the NASDAQ OMX Group Inc.
The Company currently expects that its common stock will commence trading on the NASDAQ on December 28, 2012 and will continue to be listed under the ticker symbol "PPC."
"As part of our effort to reduce costs and optimise value for our stockholders, we determined that the move to NASDAQ will provide our stockholders the most cost-effective services available in the market today," said William Lovette, president and CEO of Pilgrim's Pride. "This decision is one more step supporting our vision of becoming the best managed and most respected company in the industry."
"We are thrilled to welcome Pilgrim's Pride Corporation to NASDAQ's family of listed companies, which represent the world's largest and most innovative brands," said Bruce Aust, executive vice president, NASDAQ OMX. "Pilgrim's is a wonderful company with a great product and we look forward to supporting Pilgrim's Pride and its stockholders through our partnership in the years to come."
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