HOUSTON, Jun 04, 2012 (BUSINESS WIRE) —
KMG Chemicals, Inc.
/quotes/zigman/62023/quotes/nls/kmgb KMGB
-2.63%
announced today it will transfer the
listing of its common stock to the New York Stock Exchange (NYSE) from
the NASDAQ Global Select Market (NASDAQ). The Company expects to begin
trading on the NYSE on June 20, 2012 under the symbol “KMG”, but will
continue to trade on NASDAQ until the transfer takes place.
“KMG is a leading supplier of specialty chemicals to major semiconductor
and industrial wood treating customers around the world,” said J. Neal
Butler, President and CEO of KMG Chemicals. “KMG enjoyed 15 productive
years listed on NASDAQ, which proved a valuable partner over the years.
As the company continues to grow, we believe that NYSE Euronext, the
world’s largest stock exchange, will help broaden our visibility with
our key suppliers, customers and peers. We are proud to announce this
milestone in the company’s development and believe the NYSE ‘s advanced
trading platform will best serve the long-term interests of our current
and future shareholders.”
“KMG Chemicals will be a welcome and valued addition to the NYSE listed
company community,” said Scott R. Cutler, EVP and Co-Head of U.S.
Listings and Cash Execution, NYSE Euronext. “A leader in the
manufacture, formulation and distribution of specialty chemicals, KMG
Chemicals is focused on growth, innovation and the customer. We look
forward to a lasting partnership with the company and its shareholders.”
To celebrate the occasion, representatives from KMG will ring the NYSE
Closing Bell at 4:00 p.m. ET on June 20, 2012.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The company’s
exchanges in Europe and the United States trade equities, futures,
options, fixed-income and exchange-traded products. With approximately
8,000 listed issues (excluding European Structured Products), NYSE
Euronext’s equities markets – the New York Stock Exchange, NYSE
Euronext, NYSE MKT, NYSE Alternext and NYSE Arca – represent one-third
of the world’s equities trading, the most liquidity of any global
exchange group. NYSE Euronext also operates NYSE Liffe, one of the
leading European derivatives businesses and the world’s second-largest
derivatives business by value of trading. The company offers
comprehensive commercial technology, connectivity and market data
products and services through NYSE Technologies. NYSE Euronext is in the
SP 500 index, and is the only exchange operator in the Fortune 500. For
more information, please visit:
http://www.nyx.com .
(source:NYSE Euronext)
About KMG
KMG Chemicals, Inc., through its subsidiaries, produces and distributes
specialty chemicals in carefully focused global markets foundational to
the economy. KMG is a U.S. market leader in producing and supplying
high-purity process chemicals, which are an integral part of the
semiconductor manufacturing process, and wood treating chemicals used to
extend the useful life of the nation’s wood-based infrastructure. For
more information, visit the Company’s web site at
www.kmgchemicals.com
SOURCE: KMG Chemicals, Inc.
KMG Chemicals, Inc.
Eric Glover, 713-600-3865
Investor Relations Manager
eglover@kmgchemicals.com
Copyright Business Wire 2012
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