Encore Wire Corp (Ticker: WIRE) has filed a Form 25-NSE with the Securities and Exchange Commission (SEC), signaling its voluntary delisting from the New York Stock Exchange (NYSE). The company, a leading manufacturer of copper electrical building wire and cable, cited cost-saving reasons for the move, as trading volumes on the NYSE have been relatively low. Encore Wire Corp assured investors that its common stock will continue to be listed and traded on the NASDAQ Global Select Market, maintaining transparency and liquidity for shareholders.
Encore Wire Corp, headquartered in McKinney, Texas, has been a prominent player in the wire and cable industry since its founding in 1989. The company prides itself on manufacturing high-quality, durable products used in residential, commercial, and industrial applications. With a focus on sustainability and innovation, Encore Wire Corp has established itself as a trusted provider of electrical wiring solutions in the market. For more information about Encore Wire Corp, visit their official website: Encore Wire Corp Website.
Form 25-NSE, also known as the Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, is filed with the SEC when a company chooses to voluntarily delist its securities from a national securities exchange. This form provides transparency to investors about the reasons behind the delisting and ensures compliance with regulatory requirements during the process. Encore Wire Corp’s decision to delist from the NYSE via Form 25-NSE reflects its strategic realignment efforts to streamline operations and enhance shareholder value in the competitive market landscape.
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Encore Wire Corp Submits Form 25-NSE to SEC for Delisting
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