Schering readies for NYSE listing

Pharmaceutical firm Schering has filed a registration statement with the U.S. Securities and Exchange Commission. The filing was made in connection with the listing next month of the Berlin, Germany-based firm’s shares on the New York Stock Exchange.

Trading of Schering stock, in the form of American Depository Receipts (ADRs), is expected to begin October 12 under the symbol SHR. One ADR will represent one ordinary share. The firm is not raising any new capital with the listing, so new shares will not be issued, according to Schering.

By AuntMinnie.com staff writers
September 28, 2000

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