Marriott International, Inc. to Delist from NYSE Chicago Stock Exchange

Marriott International, Inc. (Nasdaq: MAR) has announced its decision to withdraw its common stock from NYSE Chicago effective September 20, 2020, to reduce administrative costs.

Rhea-AI Summary

Marriott International, Inc. (Nasdaq: MAR) has announced its decision to withdraw its common stock from NYSE Chicago effective September 20, 2020, to reduce administrative costs. Trading of its common stock will be suspended on September 21, 2020, before the market opens. The company will maintain its listing on the Nasdaq Global Select Market. With over 7,400 properties across 135 countries, Marriott focuses on operating and franchising hotels along with vacation ownership resorts, while offering the Marriott Bonvoy™ travel program.

Positive

• Withdrawal from NYSE Chicago reduces administrative costs.
• Continues to be listed on the Nasdaq Global Select Market, maintaining market presence.

Negative

• None.

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-3.15% session move Open Argus

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News Market Reaction – MAR

The recorded move for MAR in the trading session of this news was -3.15%.

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BETHESDA, Md., Aug. 31, 2020 /PRNewswire/ -- Marriott International, Inc. (Nasdaq: MAR) today announced plans to withdraw its common stock from listing on NYSE Chicago, formerly known as the Chicago Stock Exchange. Marriott has decided to withdraw the listing to reduce administrative costs and requirements. Marriott anticipates that the withdrawal will be effective on September 20, 2020, and that NYSE Chicago will suspend trading in its common stock before the market opens on September 21, 2020. Marriott's common stock will continue to be listed on the Nasdaq Global Select Market.

Marriott International, Inc. (Nasdaq: MAR) is based in Bethesda, Maryland, USA, and encompasses a portfolio of more than 7,400 properties under 30 leading brands spanning 135 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts all around the world. The company offers Marriott Bonvoy™, its highly-awarded travel program. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com. In addition, connect with us on Facebook and @MarriottIntl on Twitter and Instagram.

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SOURCE Marriott International, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why is Marriott International withdrawing from NYSE Chicago?

Marriott is withdrawing to reduce administrative costs and requirements associated with the listing.

When will Marriott's delisting from NYSE Chicago take effect?

The withdrawal will be effective on September 20, 2020.

Will Marriott continue trading after delisting from NYSE Chicago?

Yes, Marriott's common stock will continue to be listed on the Nasdaq Global Select Market.

What are the implications of Marriott delisting from NYSE Chicago for investors?

The move is expected to cut administrative costs and streamline operations, which could be beneficial for investors.

What is the stock symbol for Marriott International?

Marriott's stock symbol is MAR.