AOL Celebrates Spin-Off, First Day of Trading on NYSE
10 Dicembre 2009 - 4:00PM
Business Wire
NY-based AOL today opened for trading on the New York Stock
Exchange under the ticker symbol “AOL” after its spin-off from Time
Warner Inc.
AOL is formerly a division of Time Warner Inc., which is listed
on the NYSE under the symbol “TWX”.
“We welcome AOL in joining the NYSE’s network of leading
technology-based companies,” said Scott R. Cutler, NYSE Euronext
EVP and Head of Listings, Americas. “AOL is a global leader in web
services and online content and we look forward to a strong and
lasting partnership.”
“AOL is proud to be trading on the most prestigious Exchange in
the world and we hope to follow the many successful companies
before us who have opened on the NYSE,” said Tim Armstrong, AOL’s
Chairman and Chief Executive Officer. “As an independent company
with a recognized global Internet brand, we will be competing for
the future of content, communications and advertising and that is a
very exciting and significant opportunity.”
To celebrate this special occasion, Mr. Armstrong today opened
the NYSE market and rang the opening bell, joined by the company’s
employees. To discuss AOL’s spin-off from Time Warner and the first
day of trading on the NYSE as an independent company, Mr. Armstrong
will be available for a conference call with the media from the
NYSE.
--AOL CONFERENCE CALL FOR MEDIA
FROM NYSE--
Thursday, December 10 @ 10:30
AM EST
Meeting details:
Toll Free Dial-In: 800-857-7446
Toll Dial-In: 210-839-8608
Pass Code: AOL
AOL: (NYSE:
AOL)
AOL is a leading global Web services company with an extensive
suite of brands and offerings and a substantial worldwide audience.
AOL’s business spans online content, products and services that the
company offers to consumers, publishers and advertisers. AOL is
focused on attracting and engaging consumers and providing valuable
online advertising services on both AOL’s owned and operated
properties and third-party websites. In addition, AOL operates one
of the largest Internet subscription access services in the United
States, which serves as a valuable distribution channel for AOL’s
consumer offerings.
About NYSE Euronext
NYSE Euronext (NYX) is a leading global operator of financial
markets and provider of innovative trading technologies. The
company's exchanges in Europe and the United States trade equities,
futures, options, fixed-income and exchange-traded products. With
more than 8,000 listed issues, NYSE Euronext's equities markets --
the New York Stock Exchange, NYSE Euronext, NYSE Amex and NYSE
Alternext as well as NYSE Arca – represent nearly 40 percent of the
world's equities trading, the most liquidity of any global exchange
group. NYSE Euronext also operates NYSE Liffe, the leading European
derivatives business and the world's second-largest derivatives
business by value of trading. The company offers comprehensive
commercial technology, connectivity and market data products and
services through NYSE Technologies. NYSE Euronext is in the S&P
500 index, and is the only exchange operator in the S&P 100
index and Fortune 500. For more information, please
visit:http://www.nyx.com
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements,
including forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include, but are not limited to,
statements concerning NYSE Euronext’s plans, objectives,
expectations and intentions and other statements that are not
historical or current facts. Forward-looking statements are based
on NYSE Euronext’s current expectations and involve risks and
uncertainties that could cause actual results to differ materially
from those expressed or implied in such forward-looking statements.
Factors that could cause NYSE Euronext’s results to differ
materially from current expectations include, but are not limited
to: NYSE Euronext’s ability to implement its strategic initiatives,
economic, political and market conditions and fluctuations,
government and industry regulation, interest rate risk and U.S. and
global competition, and other factors detailed in NYSE Euronext’s
reference document for 2008 (“document de référence”) filed with
the French Autorité des Marchés Financiers (Registered on April 28,
2009 under No. R. 09-031), 2008 Annual Report on Form 10-K and
other periodic reports filed with the U.S. Securities and Exchange
Commission or the French Autorité des Marchés Financiers. In
addition, these statements are based on a number of assumptions
that are subject to change. Accordingly, actual results may be
materially higher or lower than those projected. The inclusion of
such projections herein should not be regarded as a representation
by NYSE Euronext that the projections will prove to be correct.
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disclaims any duty to update the information herein.
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