|
|
Article: The Philadelphia Stock Exchange Board of Governors votes to demutualize the PHLX.
- Article from:
- M2 Presswire
- Article date:
- October 3, 2003
CopyrightCOPYRIGHT 2003 Normans Media Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
M2 PRESSWIRE-3 October 2003-Philadelphia Stock Exchange: The Philadelphia Stock Exchange Board of Governors votes to demutualize the PHLX(C)1994-2003 M2 COMMUNICATIONS LTD
RDATE:10022003
PHILADELPHIA - The Philadelphia Stock Exchange Board of Governors voted yesterday at a special meeting to approve a final plan to demutualize the Exchange.
The vote is a critical step in the effort to convert the nation's first stock exchange from a member-owned institution to a shareholderowned company. Seat owner and member votes on the demutualization are planned for November.
The vote came after nearly a year of review by the Board and discussion with Exchange members and ...