NBTY, the leading manufacturer and marketer of nutritional supplements, today announced plans to list shares of its common stock on the New York Stock Exchange (NYSE).
The company's common stock will continue to trade on the Nasdaq National Market under the symbol 'NBTY' through close of business on Thursday, September 18, 2003, said the company in a statement. On Friday 19 September, 2003, NBTY will begin trading on the NYSE under the new symbol, 'NTY'.
NBTY chairman and CEO, Scott Rudolph, described the move as 'another major milestone in the company's history'.
He added that NBTY's listing on the NYSE "will enhance the visibility of the company, liquidity of our stock and will benefit our shareholders".
Dick Grasso, NYSE chairman and CEO, commented: "NBTY is a recognized leader in the worldwide nutritional supplement industry. We look forward to our partnership with NBTY and its shareholders."
NBTY, which owns the Vitamin World and Nutrition Warehouse stores in the US and the Holland & Barrett chain in the UK and Ireland, recently bought Numico's US business Rexall Sundown and its GNC franchises in the UK in a series of acquisitions over the past year. Further deals are likely in coming months as the firm continues to show good sales growth.