Texas Instruments to Move Stock Listing to Nasdaq From NYSE
December 16, 2011, 8:47 AM ESTBy Cecile Daurat
Dec. 15 (Bloomberg) -- Texas Instruments Inc., the second- largest U.S. chipmaker, said it will transfer its stock-exchange listing to the Nasdaq from the New York Stock Exchange to cut costs and get access to advanced-trading technologies.
The shares will start trading on the Nasdaq on Jan. 3, keeping their TXN symbol, the Dallas-based company said today in a statement.
“Nasdaq is home to many of the world’s best technology companies and is a natural fit for TI," Ron Slaymaker, vice president and head of investor relations, said in the statement.
Texas Instruments fell 1.3 percent to $28.04 yesterday, bringing the decline so far this year to 14 percent.
--Editors: Cecile Daurat, Peter Elstrom
To contact the reporter on this story: Cecile Daurat in Wilmington at cdaurat@bloomberg.net
To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net
