Rhodia to Delist from NYSE

Rhodia says it plans to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange, the latest non-U.S. chemical company to announce plans to withdraw from a U.S. stock exchange. The company says it will file for delisting on September 18 and that it expects trading of its ADRs to cease at the end of September. Other companies that have announced similar plans include Akzo Nobel, BASF, Bayer, Ciba Specialty Chemicals, and ICI (CW, Aug. 1/8, p...

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