Alltel to Withdraw Pacific Exchange Listing, Retain New York Stock Exchange Listing.LITTLE ROCK, Ark. -- Alltel (NYSE NYSE See: New York Stock Exchange : AT) today announced that it plans to voluntarily withdraw its common stock from listing on NYSE Arca For other uses of "ARCA", see ARCA. NYSE Arca, previously known as ArcaEx, an abbreviation of Archipelago Exchange, is an entirely online securities exchange on which both stocks and options are traded. , Inc. (formerly the Pacific Exchange). The company's common stock continues to be listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , its principal listing exchange. Alltel's decision to voluntarily withdraw its listing from NYSE Arca, Inc., was made to eliminate duplicative du·pli·cate adj. 1. Identically copied from an original. 2. Existing or growing in two corresponding parts; double. 3. administrative requirements inherent with dual listings as a result of the NYSE Group's recent merger with Archipelago Archipelago (ärkĭpĕl`əgō) [Ital., from Gr.=chief sea], ancient name of the Aegean Sea, later applied to the numerous islands it contains. The word now designates any cluster of islands. Holdings, the parent company of NYSE Arca, Inc. The withdrawal is expected to be effective within the next month. The company does not believe that withdrawing its listing with NYSE Arca, Inc., will have any impact on the liquidity of its stock. Alltel operates America's largest wireless network, which delivers voice and advanced data services nationwide to more than 11 million customers. Headquartered in Little Rock, Ark., Alltel is a Forbes 500 company with annual revenues of approximately $8 billion. Alltel, NYSE: AT www.alltel.com |
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