Plum Creek to Withdraw Pacific Exchange Listing, Retains New York Stock Exchange Listing.SEATTLE -- Plum Creek Timber Company The Plum Creek Timber Company, Inc. is a Real Estate Investment Trust (REIT) which specializes in investing in timber. Based in Seattle, Plum Creek has strategically purchased lands which show a potential to be spun off for real estate development. , Inc. (NYSE NYSE See: New York Stock Exchange :PCL (Printer Command Language) The page description language for HP LaserJet printers. It has become a de facto standard used in many printers and typesetters. PCL Level 5, introduced with the LaserJet III in 1990, also supports Compugraphic's Intellifont scalable fonts. ) today announced plans to withdraw the listing of its common stock from NYSE Arca, Inc., formerly the Pacific Exchange. Plum Creek's common stock will continue 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. . Plum Creek has decided to withdraw its listing from NYSE Arca, Inc. (formerly the Pacific Exchange) to streamline operations and eliminate duplicative administrative requirements inherent with dual listings as a result of the NYSE Group's recent merger with Archipelago Holdings, the parent company of NYSE Arca. This withdrawal is expected to be effective within the next month. Plum Creek does not believe that withdrawing its listing from NYSE Arca, Inc. (formerly the Pacific Exchange) will have any impact on the liquidity of its stock. NYSE Arca will continue trading Plum Creek stock on an unlisted trading Unlisted trading Trading in unlisted securities that occurs on an organized exchange to accommodate members. This practice is not permitted at the NYSE. unlisted trading privilege basis. Plum Creek is the largest and most geographically diverse private landowner in the nation with more than 8 million acres of timberlands in major timber producing regions of the United States and 10 wood products manufacturing facilities in the Northwest. |
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