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Vivendi Universal to Delist From NYSE

Authored by Mark Hefflinger on January 18, 2006 - 4:33am.
Paris - Media conglomerate Vivendi Universal has announced plans to voluntarily delist itself from the New York Stock Exchange, a cost-saving move that would see its shares thereafter trade only in Paris. The company, whose holdings include Universal Music Group and Vivendi Universal Games, explained that less than 5% of its share trading over the past two years took place through the NYSE, while U.S. ownership of Paris-based shares has increased significantly.
tags: Vivendi Universal | NYSE | Delist |