By Colin Kellaher
Honeywell International Inc. on Friday said it moving its listing to the Nasdaq Stock Market after more than a century on the New York Stock Exchange.
The Charlotte conglomerate said the move to the tech-heavy Nasdaq, which is effective May 11, reflects its position as a software-industrial company.
Honeywell's predecessor company, Allied Chemical & Dye, began trading on the Big Board in 1920.
Honeywell said it will join the Nasdaq Composite index upon the transfer of its listing, and that it will meet the requirements to join the Nasdaq 100 index. The company's current market capitalization of roughly $155.5 billion would land it among the top 20 of the Nasdaq 100.
Honeywell said it will keep its current HON ticker symbol, adding that its all of its listed bonds also will transfer to Nasdaq.
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(END) Dow Jones Newswires