Brown Shoe Co. (BWS) said it will withdraw its common stock's listing from the Chicago Stock Exchange as the footwear company looks to reduce costs and eliminate duplicate listings.
The company's stock will continue to be listed on the New York Stock Exchange.
The withdrawal from the Chicago Stock Exchange is expected to be effective within the next month and isn't expected to have any impact on the stock's liquidity. The Chicago Stock Exchange said it will continue to trade Brown Shoe's common stock on an unlisted-trading-privilege basis.
Wednesday, Brown Shoe reported it swung to a fiscal fourth-quarter loss on charges related to business exits and acquisition-related costs. The footwear company also unveiled plans to close a Missouri distribution center and more of its Famous Footwear locations.
Shares closed at $9.29 Friday and were unchanged after hours. The stock is down 36% in the past 12 months.
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