CORPUS CHRISTI, Texas -- Susser Holdings Corp. said that it has received authorization from the New York Stock Exchange (NYSE) to transfer the listing of its common stock to the NYSE from the NASDAQ Global Select Market (NASDAQ).
The company expects its common stock to begin trading on the NYSE on Friday, Dec. 21, under its current ticker symbol, SUSS, and it will celebrate the transfer of its listing by ringing the opening bell at the NYSE that morning.
"We are very pleased to join other strong, growing retail and energy companies trading on the New York Stock Exchange. Given our exceptional operating results in recent years, the accelerated expansion of our convenience store business, the increased float and the growing institutional participation in our stock, we believe the time is right to make this transition to the world's largest stock exchange," said Sam L. Susser, Susser Holdings president and chief executive officer.
"We were pleased with the success of our September initial public offering [IPO] on the NYSE of Susser Petroleum Partners LP, our wholesale fuel business, whose common units are traded under the symbol SUSP. As we continue to grow both companies, we look forward to the support and visibility that listing on the NYSE will provide for our current and future investors," he said.
"We are delighted to welcome Susser Holdings, a third-generation family led business, to our NYSE family," said Scott Cutler, executive vice president and head of global listings for NYSE Euronext. "The company's entrepreneurial spirit, leadership continuity and commitment to customers, quality and service have produced an incredible growth and success story. We're very proud to partner with Susser and its shareholders, and to add another great enterprise from Texas, which is home to more NYSE-listed companies than any other state in the nation."
Susser Holdings is a third-generation, family-led business based in Corpus Christi, Texas, that operates more than 550 convenience stores in Texas, New Mexico and Oklahoma under the Stripes banner. Restaurant service is available in more than 340 of its stores, primarily under the proprietary Laredo Taco Co. brand. Susser Holdings also is majority owner and owns the general partner of Susser Petroleum Partners LP, which distributes more than 1.4 billion gallons of motor fuel annually to Stripes stores, independently operated consignment locations, c-stores and retail fuel outlets operated by independent operators and other commercial customers in Texas, New Mexico, Oklahoma and Louisiana.