Potlatch to switch stock exchange listing to NASDAQ
Dec 06, 2010. Potlatch Corporation announced that its Board of Directors has voted to 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 сompany currently expects that its common stock will commence trading on the NASDAQ on December 17, 2010 and will continue to be listed under the ticker symbol "PCH".
Dec 06, 2010. /Lesprom Network/. Potlatch Corporation announced that its Board of Directors has voted to 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 сompany currently expects that its common stock will commence trading on the NASDAQ on December 17, 2010 and will continue to be listed under the ticker symbol "PCH", Potlatch said in a press release received by Lesprom Network
“Our switch to NASDAQ is part of our continued focus on delivering shareholder value,” said Eric Cremers, vice president finance and CFO of Potlatch. “We believe NASDAQ OMX’s global technology leadership and vast product offerings provide Potlatch and our shareholders with increased value.”
Bruce Aust, executive vice president of NASDAQ OMX’s Corporate Client Group, said, “We are pleased to welcome Potlatch to our family of listed companies and delighted they chose NASDAQ OMX as their market of choice. This development will provide Potlatch with increased visibility and access to the comprehensive services we offer to support public companies.”
Potlatch is a Real Estate Investment Trust (REIT) with approximately 1.5 million acres of timberland in Arkansas, Idaho, and Minnesota. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary.