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CORPUS CHRISTI, Texas -- Susser Holdings Corp. has received approval to move its stock from the NASDAQ National Market to the New York Stock Exchange (NYSE). The parent of Stripes convenience stores expects to begin trading on the NYSE on Dec. 21.
Once trading on the NYSE, Susser will keep its current SUSS stock symbol.
"We are very pleased to join other strong, growing retail and energy companies trading on the New York Stock Exchange," said Sam L. Susser, Susser Holdings president and CEO. "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."
Susser added he was pleased with the success of the NYSE initial public offering of Susser Petroleum Partners LP, its wholesale fuels business. "As we continue to grow both companies, we look forward to the support and visibility that listing on the NYSE will provide our current and future investors," he noted.
The NYSE responded it was pleased to welcome Susser Holdings. "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," said Scott Cutler, executive vice president and head of Global Listings for NYSE Euronext.
Corpus Christi, Texas-based Susser Holdings Corp. operates more than 550 c-stores in Texas, New Mexico and Oklahoma under the Stripes banner.