Campbell to Transfer Stock Exchange Listing to Nasdaq

Rhea-AI Summary

Campbell Soup Company (NYSE:CPB) has announced its decision to transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) on Aug. 16, 2024. The company will continue to trade under the ticker symbol "CPB" with trading on Nasdaq expected to begin on Aug. 19, 2024. This move is anticipated to provide Campbell with Nasdaq index inclusion opportunities and certain cost savings.

Additionally, Campbell has scheduled its Fiscal 2025 Investor Day for Sept. 10, 2024, to be held at the Nasdaq MarketSite in New York City. During this event, the company's executive leadership team will discuss Campbell's long-term strategy and financial outlook. While in-person attendance is by invitation only, a live webcast will be available for all interested parties.

Positive

• Transfer to Nasdaq expected to provide index inclusion opportunities
• Potential cost savings from the stock exchange transfer
• Upcoming Investor Day to discuss long-term strategy and financial outlook

Negative

• None.

• Company will join the Nasdaq Composite® index following its transfer
• Stock ticker symbol to remain “CPB”
• Campbell to hold Investor Day on Sept. 10, 2024, at Nasdaq MarketSite

CAMDEN, N.J.--(BUSINESS WIRE)-- Campbell Soup Company (NYSE:CPB) today announced that it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) on Aug.16, 2024 at the market close. The company will continue to trade under the "CPB" ticker symbol with trading on Nasdaq expected to begin on Aug.19, 2024. The transfer to Nasdaq will provide Campbell with Nasdaq index inclusion opportunities and certain cost savings.

Fiscal 2025 Investor Day
The company will hold its Investor Day at the Nasdaq MarketSite in New York City on Sept.10, 2024, beginning at 9:00 a.m. ET. At the event, members of Campbell’s executive leadership team will discuss the company’s long-term strategy and financial outlook.

Due to capacity limitations, in-person attendance is by invitation only. All other interested parties are invited to listen to and view the live webcast here.

A replay of the webcast will be available shortly after the event. A full copy of the presentation materials will also be available on the investor relations section of Campbell’s website.

About Campbell
For more than 150 years, Campbell (NYSE:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell’s, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Michael Angelo's, noosa, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snyder’s of Hanover, Swanson and V8. Campbell has a heritage of giving back and acting as a good steward of the environment. The company is a member of the Standard & Poor's 500 as well as the FTSE4Good and Bloomberg Gender-Equality Indices. For more information, visit www.campbellsoupcompany.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240731653254/en/

INVESTOR:

Rebecca Gardy

(856) 342-6081

Rebecca_Gardy@campbells.com

MEDIA:

James Regan

(856) 219-6409

James_Regan@campbells.com

Source: Campbell Soup Company

FAQ

When will Campbell Soup Company (CPB) transfer its stock listing to Nasdaq?

Campbell Soup Company (CPB) will transfer its stock listing to Nasdaq on August 16, 2024, at the market close. Trading on Nasdaq is expected to begin on August 19, 2024.

Will Campbell Soup Company (CPB) change its ticker symbol after moving to Nasdaq?

No, Campbell Soup Company will continue to trade under the ticker symbol 'CPB' after transferring to Nasdaq.

When and where is Campbell Soup Company (CPB) holding its Fiscal 2025 Investor Day?

Campbell Soup Company (CPB) will hold its Fiscal 2025 Investor Day on September 10, 2024, at the Nasdaq MarketSite in New York City, beginning at 9:00 a.m. ET.

What benefits does Campbell Soup Company (CPB) expect from transferring to Nasdaq?

Campbell Soup Company (CPB) expects to benefit from Nasdaq index inclusion opportunities and certain cost savings by transferring its stock listing to Nasdaq.