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Vitro to end ADR program In August

Post Time:Jun 23,2009Classify:Industry NewsView:111

Mexican glass maker Vitro SAB (VTO) said Monday that it will terminate its American depositary receipt program on the New York Stock Exchange in August.

In a filing with the Mexican Stock Exchange, the company attributed its decision to the high cost of the ADR program, the low trading volume of its shares in the U.S., and its intention to boost trading volume in Mexico, according to a June 22 report in The Wall Street Journal.

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Source: http://www.glassmagazine.com/news-item/commercial/vitro-end-adr-program-in-augustAuthor:

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