Disney to Withdraw Listing on NYSE Arca

BURBANK, Calif. (AP) — Media giant Walt Disney Co. said Friday it plans to withdraw listing of its shares on the online stock exchange NYSE Arca.
Disney said the move will lower costs. The withdrawal will happen within the next two weeks, the company said, adding that it will keep its listing on the New York Stock Exchange.

NYSE Arca was formerly known as the Pacific Stock Exchange.

Separately, Disney also said Friday it had closed its acquisition of computer animation specialist Pixar Animation Studios Inc. The $7.4 billion all-stock transaction was announced in January.

Disney shares rose 8 cents in after-hours trading to $29.17. They had closed up 69 cents, or 2.4 percent, at $29.09 on the Big Board.

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Hi, I'm Mr. DAPs, the Founder, and Editor in Chief of DAPS MAGIC! I can be regularly found at Disneyland with my hat and bow tie taking pictures and simply enjoying the Happiest Place on Earth. I'm also the weekly host of GEEKS CORNER and your Disney reporter for DISNEY REPORTER on DAPS MAGIC's YouTube channel. I am also now honored to announced that I'm a Brand Ambassador with Her Universe! Find me on Twitter and Instagram. as I'd love to connect with you. Make sure and say hi!

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