Walgreen Co. (WAG), which is dually listed on the New York Stock
Exchange and Nasdaq, will opt for Nasdaq following its $14.7
billion takeover of U.K. drugstore chain Alliance Boots
(AB.YY).
In addition to leaving the NYSE, the company will withdraw its
shares from the Chicago Stock Exchange.
The company said trading on a single exchange will reduce the
"administrative costs and burdens" of maintaining listings on
multiple national exchanges.
Earlier this year, Walgreen became one of six major NYSE-listed
companies to opt for simultaneous Nasdaq listing. Others included
Hewlett-Packard Co. and Charles Schwab Corp. Walgreen said in
January that the one-year agreement would "bring more competition
to the markets and provide investors with more choice in trading
venues."
The Alliance Boots deal was announced in August. Walgreen
shareholders are slated to vote on the transaction Dec. 29.
Write to Josh Beckerman at josh.beckerman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires