Sodexho Alliance has decided to delist itself from the New York Stock Exchange. The Paris-based firm will continue to be traded on the Euronext exchange, where approximately 97 percent of its trading volume took place over the past 12 months. In fact, NYSE has accounted for only about one percent of Sodexho’s total share trading in the past five years since it gained full control of the North American Sodexho Marriott organization. Delisting will also allow the company to operate under a single accounting standard. Sodexho anticipates delisting and deregistration to take place before August 31, 2007.
Source URL: http://www.food-management.com/archive/sodexho-alliance-has-decided-delist-itself-new-york-stock-exchange