Monday October 7th, 2013 - 11:10AM
BETHESDA, MD—Marriott International, Inc. will voluntarily transfer the listing of its common stock to The NASDAQ Global Select Market (NASDAQ) from the New York Stock Exchange.
Trading of Marriott’s shares on NASDAQ is expected to commence on October 21, 2013 under its current ticker symbol “MAR.” Marriott will continue to trade on the NYSE until that time. Marriott’s shares also will continue to trade on the Chicago Stock Exchange after the transfer to NASDAQ.
“We’re pleased to partner with NASDAQ as our new stock market listing. We believe this will provide us with cost-effective visibility, as well as efficient access to a portfolio of tools and opportunities to reach investors,” stated Carl Berquist, EVP and CFO of Marriott. “While we are looking forward to our new relationship with NASDAQ, the NYSE was our listing home for many years, and they have served us well over that time.”