Grupo Imsa, S.A. de C.V.The Board of Directors of Grupo Imsa, S.A. de C.V. has approved the submission to its shareholders of a proposal for the de-listing of its American Depositary Shares from 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) and the simultaneous termination of its ADR program with The Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. . Imsa believes by concentrating trading of its shares in one market, the Mexican Stock Exchange Mexican Stock Exchange The only stock exchange in Mexico. The Indice de Precios y Cotizaciones, or IPC index, consists of the 35 most representative stocks chosen every two months. , it will increase the overall liquidity of its stock. compiled by Tom Buckley |
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