Paramount To Move Its Class B Shares From Nasdaq To New York Stock Exchange In Early October
Paramount said Friday it plans to start moving the listing of its Class B shares from the Nasdaq to the New York Stock Exchange in early October. Noting the still-pending $110 billion merger with Warner Bros. Discovery as a key variable, the company said in an SEC filing that the date of the shift could […]
Paramount plans to move its Class B shares from Nasdaq to the New York Stock Exchange in early October. According to Investing.com, trading on Nasdaq is expected to end at market close on or around October 5, and trading on the NYSE is expected to begin at market open on October 6.
The move comes as Paramount is set to close its $110 billion merger with Warner Bros. Discovery. Deadline reports that the company noted the pending merger as a key variable in its decision, but did not provide further details.
Paramount has also set October 5 as the record date for a planned distribution of warrants to eligible holders of its Class B common stock in connection with the Warner Bros deal, as reported by Investing.com.
Brief written by urgent.news from Deadline, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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