American Financial Group Dual Lists on the Nasdaq Stock Market
07 4월 2004 - 11:14PM
PR Newswire (US)
American Financial Group Dual Lists on the Nasdaq Stock Market NEW
YORK, April 7 /PRNewswire-FirstCall/ -- The Nasdaq Stock Market,
Inc. ("NASDAQ") (BULLETIN BOARD: NDAQ) today announced that
American Financial Group has been approved to dually list on
NASDAQ. AFG is the seventh New York Stock Exchange company that has
announced its intention to dually list on NASDAQ. American
Financial Group will trade on NASDAQ under its NYSE three-letter
symbol (AFG), effective immediately. "We are pleased with the
recognition and momentum around our dual listing program, which has
increased awareness around the importance of delivering high
quality markets to shareholders. NASDAQ is delighted to welcome
AFG, an industry leader in the insurance sector, to join our
market," said Bob Greifeld, president and chief executive officer
of The NASDAQ Stock Market. "AFG's decision to dually list on
NASDAQ underscores the core elements of an electronic market model
that offers more than 250 market makers and the benefits of
competition: increased visibility and greater access to attainable
prices within a highly liquid, transparent, and efficient, single
trading platform," added Mr. Greifeld. "We are pleased to be able
to enjoy the benefits of dual listing on two such prestigious stock
markets," said Carl H. Lindner, AFG Chairman and Chief Executive
Officer. "We believe dual listing on NASDAQ will benefit our
shareholders by providing them with a meaningful choice in trading
execution." Companies wishing to dual list on NASDAQ must meet
National Market listing standards. Firms listing on NASDAQ as well
as the NYSE will trade under the same three-letter symbol on both
markets. AFG has met NASDAQ's listing criteria standards and
listing qualifications and has been approved for listing on our
market. Firms listing on NASDAQ as well as the NYSE will trade
under the same three-letter symbol on both markets. American
Financial Group (NYSE:AFG) is the seventh company that has
announced its intention to dually list on The NASDAQ Stock Market.
The initial six companies include: Apache Corporation, Cadence
Design Systems, The Charles Schwab Corporation, Countrywide
Financial, Hewlett-Packard and Walgreens. Through the operations of
Great American Insurance Group, AFG is engaged primarily in
property and casualty insurance, focusing on specialized commercial
products for businesses, and in the sale of annuities, life and
supplemental health insurance products. NASDAQ is the largest U.S.
electronic stock market. With approximately 3,300 companies, it
lists more companies and, on average, trades more shares per day
than any other U.S. market. It is home to category-defining
companies that are leaders across all areas of business including
technology, retail, communications, financial services,
transportation, media and biotechnology. NASDAQ is the primary
market for trading NASDAQ-listed stocks. Approximately 54% of
NASDAQ-listed shares traded are reported to NASDAQ systems. For
more information about NASDAQ, visit the NASDAQ Web site at
http://www.nasdaq.com/ or the NASDAQ Newsroom(SM) at
http://www.nasdaqnews.com/ . DATASOURCE: NASDAQ CONTACT: Bethany
Sherman, +1-212-401-8714, or Silvia Davi, +1-646-441-5014, both of
NASDAQ; or Anne Watson of American Financial Group, +1-513-579-6652
Web site: http://www.nasdaqnews.com/ http://www.nasdaq.com/
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American Financial (NYSE:AFG)
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American Financial (NYSE:AFG)
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