On Wednesday Aug. 16th, General Motors Co. announced that is voluntarily delisting its common stock from the Toronto Stock Exchange (TSX). The company’s shares will cease to be traded on the TSX at the close of markets on Nov. 30, 2017.
The company said its stock will continue to be traded on the New York Stock Exchange, and other platforms. (NYSE). “Given the relatively low trading volume of its shares on the TSX and the fact that GM’s NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified,” GM said in a news release issued Wednesday.
The company says that after delisting from the TSX, its common stock will continue to trade on the NYSE under the symbol GM and that shareholders will be able to trade shares on other exchanges.
