Intertape Polymer (ITP) Announces Voluntary Delisting of Shares on The NYSE
Intertape Polymer Group Inc. (NYSE: ITP) announcedits intention to voluntarily delist its shares of common stock from the New York Stock Exchange (the "NYSE"). The Company's shares of common stock will continue to trade on the Toronto Stock Exchange (the "TSX"). The delisting of the Company's common shares from the NYSE will not affect the listing of the Company's shares of common stock on the TSX.
The Company believes that the listing of its shares of common stock on the TSX provides shareholders sufficient liquidity and has concluded that the overall trading volume of the Company's shares is not sufficient to justify listing on two exchanges. Therefore, the Company has decided to voluntarily delist its shares of common stock from the NYSE.
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