Furon to list stock on New York Stock Exchange.LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--Jan. 9, 1995--Furon Co. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :FCBN FCBN Full Capacity Below Normal ) Monday announced it has filed a listing application with 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. (NYSE NYSE See: New York Stock Exchange ) and has been informed by the exchange that the company meets the eligibility requirements for listing its common stock. The company said trading on the NYSE is anticipated to begin in early March. The proposed new stock symbol is "FCY FCY Foreign Currency ." Furon's stock currently trades on NASDAQ's National Market System under the symbol FCBN. There are approximately 9,036,000 shares outstanding. "Listing Furon's stock on the New York Stock Exchange is a major milestone for our company," said J. Michael Hagan Michael Hagan (born August 12 1964) is a former premiership-winning rugby league player and Queensland State of Origin representative. Playing Career The younger brother of former Test centre Bob Hagan, Michael was graded with Canterbury in 1983. , chairman and chief executive officer. "The move is consistent with the company's growth and development and with Furon's stature as a worldclass company. "Additionally, we believe the narrower trading spreads, more liquid trading environment and greater visibility afforded by being a listed company will be of long-term benefit to all of our shareholders." Furon is the world's leading producer of specialty polymer components for the industrial marketplace. The company serves five key markets: industrial process, transportation, electronics, health care and industrial equipment. CONTACT: Furon Co.
Ron Bissell, 714/831-5350
or
Pondel Parsons & Wilkinson
Roger Pondel/Stephanie Burchfield, 310/207-9300
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion