Columbus, Ind.-based Cummins Inc. last week announced that it plans to voluntarily withdraw the listing of its common stock from NYSE Arca Inc., formerly the Pacific Exchange. The company’s common stock will continue to be listed on the New York Stock Exchange.
Cummins has decided to withdraw its listing from NYSE Arca to streamline operations and eliminate duplicate administrative requirements as a result of the NYSE Group’s recent merger with Archipelago Holdings, the parent company of NYSE Arca.
The withdrawal is expected to take effect within the next month and Cummins does not believe it will have any impact on the liquidity of its stock. NYSE Arca will continue trading the company’s stock on an unlisted trading privilege basis.Cummins Inc., a global power provider, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies.