Tasty Baking Company to Trade on NASDAQ National Market; Trading Expected to Begin October 21, 2005, Under the Symbol ''TSTY''
18 Ottobre 2005 - 2:59PM
Business Wire
Tasty Baking Company (NYSE:TBC) today announced that its shares of
common stock have been approved for listing on the NASDAQ National
Market, effective October 21, 2005. The company expects to trade
under the new symbol "TSTY." The company also announced that it
expects to voluntarily cease trading on the New York Stock Exchange
(NYSE) effective October 20, 2005. Charles P. Pizzi, president and
chief executive officer of Tasty Baking Company, said, "We are
pleased to be joining a growing list of great companies that have
also elected to list their securities on NASDAQ. The decision to
change markets was made after careful and thorough consideration of
which market alternative was best aligned with our company's growth
strategy. We believe the NASDAQ National Market, with its multiple
market makers, provides the appropriate benefits and support for
our shareholders." Bruce Aust, executive vice president of NASDAQ,
commented, "Tastykake is a beloved brand with a rich history of
quality and innovation. We are proud to be able to offer Tasty
Baking Company and its shareholders the best quality marketplace,
with a peer group of listed companies that shares its desire to
innovate and lead." Tasty Baking Company expects to trade on the
NYSE until the close of the market on October 20, 2005. ABOUT TASTY
BAKING COMPANY Tasty Baking Company (NYSE:TBC), founded in 1914 and
headquartered in Philadelphia, Pennsylvania, is one of the
country's leading bakers of snack cakes, pies, cookies, and donuts
with manufacturing facilities in Philadelphia and Oxford,
Pennsylvania. Tasty Baking Company offers more than 100 products
under the Tastykake brand name. For more information on Tasty
Baking Company, visit www.tastykake.com. In addition, consumers can
send Tastykake products throughout the United States from the
company's website or by calling 1-800-33-TASTY. ABOUT NASDAQ
NASDAQ(R) is the largest electronic screen-based equity securities
market in the United States. With approximately 3,300 companies, it
lists more companies and, on average, trades more shares per day
than any other U.S. market. It is home to companies that are
leaders across all areas of business including technology, retail,
communications, financial services, transportation, media and
biotechnology. NASDAQ is the primary market for trading
NASDAQ-listed stocks. For more information about NASDAQ, visit the
NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at
www.nasdaq.com/newsroom/. "Safe Harbor Statement" Under the Private
Securities Litigation Reform Act of 1995 Except for historical
information contained herein, the matters discussed herein are
forward-looking statements (as such term is defined in the
Securities Act of 1933, as amended) that are subject to risks and
uncertainties that could cause actual results to differ materially.
These risks and uncertainties include, but are not limited to, the
timing and trading on the NASDAQ National Market, whether such
listing and trading will occur at all, and the possible suspension
of trading of the Company's common stock by the NYSE. There are a
number of factors that may cause actual results to differ from
these forward-looking statements, including an inability to obtain
a sufficient number of market makers to become listed on NASDAQ.
Other risks and uncertainties that may materially affect the
company are provided in the company's annual reports to
shareholders and the company's periodic reports filed with the
Securities and Exchange Commission from time to time, including
reports on Forms 10-K and 10-Q. Please refer to these documents for
a more thorough description of these and other risk factors.
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