PITTSBURGH, Dec. 12 Mylan Inc. (NYSE: MYL) todayannounced that it will move its stock exchange listing to The NASDAQ StockMarket, an exchange of The NASDAQ OMX Group Inc. (Nasdaq: NDAQ), from The NewYork Stock Exchange (NYSE) effective Dec. 29. The company will be listed onthe NASDAQ Global Select Market, and its common stock will continue to tradeunder the "MYL" ticker symbol.
Mylan's Vice Chairman and CEO Robert J. Coury commented: "Notwithstandingthe obvious financial benefits that NASDAQ offers, the decision to switchMylan's listing was also driven by the fact that for quite some time a greaterportion of our total trading volume was already crossing on NASDAQ tradingfacilities. This decision, we believe, will further enhance Mylan's overallneeds and efficiencies."
Mylan's mandatory convertible preferred stock and 1.25% convertible notesalso will move to NASDAQ with the ticker symbols "MYLNP" and "MYLNG,"respectively.
Mylan Inc., which provides products to customers in more than 140countries and territories, ranks among the leading diversified generic andspecialty pharmaceutical companies in the world. The company maintains one ofthe industry's broadest -- and highest quality -- product portfolios,supported by a robust product pipeline; owns a controlling interest in theworld's third largest active pharmaceutical ingredient manufacturer; andoperates a specialty business focused on respiratory and allergy therapies.For more information, please visit www.mylan.com.
SOURCE Mylan Inc.