U.S. Cellular taking stock to the NYSE
September 4 2008 - 1:08 pm ET | Allie Winter | RCR Wireless News
U.S. Cellular Corp. and parent company Telephone and Data Systems Inc. have their sights set on the Big Apple, stock wise.
Both companies announced today intentions to switch their publicly traded shares to the New York Stock Exchange from their current listing on the American Stock Exchange. Both expect the shares to begin trading in the new space by September 15. Both companies said they will keep their current “TDS” and “USM” ticker symbols following the switch.
“Listing on the New York Stock Exchange is a significant milestone for our companies,” said TDS President and CEO and U.S. Cellular Chairman LeRoy Carlson, Jr. “We believe that this transition will enable us to better serve our investors, and will provide increased visibility for our stocks. The NYSE has made significant investments in technology, which we believe will provide the best possible liquidity and the highest-quality market for our stocks.”
