Cummins Withdrawing Stock from Former Pacific Exchange
Will Remain Listed on New York Stock Exchange
iesel engine maker Cummins Inc. said Friday it will withdraw its stock listing from NYSE Arca Inc., formerly the Pacific Exchange. Its common stock will continue to be listed on the New York Stock Exchange.
Cummins said it is withdrawing from NYSE Arca “to streamline operations and eliminate duplicative administrative requirements as a result of the NYSE Group’s recent merger with Archipelago Holdings, the parent company of NYSE Arca.”The withdrawal will take effect within the next month, Cummins said. The company does not believe it will have any impact on the liquidity of its stock. NYSE Arca will continue to trade the company's stock on an unlisted trading privilege basis.