NYSE loses Kraft

Nasdaq OMX Group persuaded Kraft Foods to move its listing from the New York Stock Exchange, scoring the largest-ever company to switch markets three weeks after it botched Facebook’s share sale. Kraft said it will shift to Nasdaq on June 26, in a statement on Friday. Kraft is the first Dow Jones Industrial Average company to switch exchanges, and the biggest by market capitalisation to leave the NYSE for its rival.
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First Published: Jun 09 2012 | 12:40 AM IST
