On the defensive for weeks — since his exchange botched the
most anticipated initial public offering in decades — Greifeld yesterday fought
back by swiping a $68 billion listing from the rival New York Stock Exchange,
the NY Post reports. Kraft, which is
moving from the NYSE to the Nasdaq effective June 26, is the largest company
(based on market cap) to switch.
The food maker’s move is even more significant because it
marks the first time a company in the Dow Jones industrial average has left the
Big Board. The listing is worth tens of
millions of dollars in annual fees — and boatloads of prestige.
Kraft said it made the move to save money and gain better
marketing platforms for its thousands of products, ranging from Oreos to
Cadbury…
Want to see more? Check out http://www.nypost.com/p/news/business/getting_kraft_XbGtDM8GJEtslL7hXlZmsJ
No comments:
Post a Comment