Susser Holdings to transfer stock listing to NYSE
CORPUS CHRISTI, Texas (AP) — Shares of Susser Holdings Corp. will begin trading Dec. 21 on the New York Stock Exchange, after the convenience store chain received approval to transfer its listing from the Nasdaq Global Select Market.
The Corpus Christi, Texas, company said Thursday its shares will be listed under its current ticker symbol, SUSS. Susser said it made the move based on its operating results in recent years, the expansion of its convenience store business and increased institutional participation in its stock.
Susser runs more than 550 Stripes shops in Texas, New Mexico and Oklahoma, with restaurant service at more than 340 locations. It also is a majority owner in Susser Petroleum Partners LP, which distributes fuel to Stripes stores.
Susser Petroleum held an initial public offering in September on the New York Stock Exchange, and its shares have climbed more than 10 percent since then to close at $25.23 on Wednesday.
Shares of Susser Holdings closed at $35.69 on Wednesday, up 58 percent so far this year.
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