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RBC Bearings Incorporated Announces Transfer of Common Stock and Preferred Stock Listings to the New York Stock Exchange
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Rhea-AI Summary
RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP) will transfer its common stock and 5.00% Series A Mandatory Convertible Preferred Stock listing from Nasdaq to the New York Stock Exchange (NYSE). Trading on the NYSE is set to begin on September 26, 2022, under the tickers 'RBC' and 'RBCP'. CEO Dr. Michael Hartnett expressed excitement over joining the NYSE, highlighting the company’s growth since its Nasdaq listing nearly 20 years ago. RBC Bearings specializes in precision bearings for the industrial, defense, and aerospace sectors.
Positive
The transfer to the NYSE reflects RBC's growth and strong market position.
Joining the NYSE could enhance RBC's visibility and prestige among investors.
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None.
OXFORD, Conn.--(BUSINESS WIRE)--
RBC Bearings Incorporated (Nasdaq: ROLL, ROLLP), a leading international manufacturer of highly engineered precision bearings, components and essential systems for the industrial, defense and aerospace industries, today announced that it is transferring the listing of its common stock and its 5.00% Series A Mandatory Convertible Preferred Stock to the New York Stock Exchange from The Nasdaq Global Select Market. The RBC common stock and Series A Preferred Stock are expected to begin trading on the NYSE on Monday, September 26, 2022, under the ticker symbols of “RBC” and “RBCP,” respectively. The common stock and the Series A Preferred Stock are expected to continue to trade on Nasdaq until the close of the market on Friday, September 23, 2022.
“We are very pleased to be joining the NYSE alongside so many prestigious companies,” said Dr. Michael J. Hartnett, Chairman and Chief Executive Officer of RBC. “Since our initial listing on Nasdaq almost 20 years ago, we have grown into an industry leader that can now leverage the advantages provided by the NYSE platform.”
“We are thrilled to welcome leading international manufacturer RBC Bearings, to the NYSE community of icons and disruptors,” said John Tuttle, Vice Chairman, NYSE Group. “We look forward to working with them for many years to come.”
About RBC Bearings
RBC Bearings Incorporated is an international manufacturer and marketer of highly engineered precision bearings, components and essential systems. Founded in 1919, the Company is primarily focused on producing highly technical or regulated bearing products and components requiring sophisticated design, testing, and manufacturing capabilities for the diversified industrial, aerospace and defense markets. The Company is headquartered in Oxford, Connecticut.
