Sears to List on Nasdaq After Merger
New York City, After nearly 95 years on the New York Stock Exchange (NYSE), Sears, Roebuck and Co. will change its listing to the Nasdaq stock market after its merger with Kmart Holding Corp. In a filing with the U.S. Securities and Exchange Commission on Tuesday, Sears said the move will occur once the merger is complete. The combined company will be called Sears Holdings Corp.
Sears has been on the NYSE since 1910, and enjoys the exchange’s elite single-letter listing.
“It should be understood that Kmart, a Nasdaq-listed company, was the acquiring company in this transaction. Sears’ application for a Nasdaq quotation was expected,” said a NYSE spokesman.