Avis Budget to Move Stock Exchange Listing to NASDAQ
The car rental company’s ticker symbol will remain as “CAR.”
Avis Budget Group Inc. announced Dec. 20 that it will move its stock exchange listing from The New York Stock Exchange to The NASDAQ Global Select Market, an exchange of The NASDAQ OMX Group Inc.
The Company currently expects trading to commence on the NASDAQ on Dec. 31, 2010 and will continue to be listed under the ticker symbol "CAR."
"We are thrilled to be joining the many forward-thinking, innovative companies listed on the NASDAQ," said Ronald L. Nelson, Avis Budget Group chairman and chief executive officer. "We are confident that the trading platforms that NASDAQ provides, and its world-class customer service, will benefit Avis Budget Group and our shareholders."
"Avis Budget Group is a globally recognized company whose essential services touch travelers every day," said Bruce Aust, executive vice president of global corporate client group for NASDAQ OMX. "We are proud to welcome Avis Budget Group and its well admired brands to NASDAQ."
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