People & Business :: Earnings/Finance
Stepan to delist from Chicago Stock Exchange
9:47 AM MDT | March 15, 2013 | Vincent Valk
Stepan says it will delist its common shares and 5.5% convertible preferred shares from the Chicago Stock Exchange (CHX) effective on or around 4 April. The company will file with the US regulators for the delisting, which is voluntary, on 25 March. Stepan’s “decision to withdraw its Securities from listing on the CHX is based on the limited trading volume of its Securities on the CHX and the Company's desire to eliminate the duplicative cost and administrative burden required to maintain listings on both the New York Stock Exchange (NYSE) and...
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