Market Weekly: Aug 14-Aug-18-2017


$GM announced that it has applied and received approval for a voluntary delisting of its common stock from the Toronto Stock Exchange in Canada. The delisting will not affect the company’s listing on the New York Stock Exchange

The automaker said that given the relatively low trading volume of its shares on the TSX and the fact that $GM’s NYSE listing provides its shareholders with sufficient liquidity, the company believes that the costs associated with maintaining a dual listing are no longer justified.