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Rhodia to Delist from NYSE

1:59 PM MDT | September 10, 2007 | CW Editorial Staff

Rhodia says it plans to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE), the latest non-U.S. chemical company to announce plans to withdraw from U.S. stock exchanges. The company says it will file for delisting on September 18, and that it expects trading of its ADSs to cease at the end of September. The company says it will also deregister and terminate its reporting obligations under the U.S. Securities and Exchange Act, but that it will maintain its ADS program to allow U.S. investors to retain their securities and to...

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