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Stock impact report

BNY Mellon Appointed to Upgrade Suzano Depositary Receipts Program to New York Stock Exchange Listing

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: PR Newswire
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- BNY has announced that it has been appointed by Suzano Papel e Celulose SA (Suzano) to upgrade its current Level I American Depositary Receipt (ADR) program, traded over the counter, to a Level II program to be traded on the New York Stock Exchange (NYSE). The upgraded program will be listed under the symbol SUZ, effective today, with each ADR representing two ordinary shares. Suzano's ordinary shares are listed on the São Paulo Stock Exchange.BNY Mellon has supported Suzano's access to U.S. equity markets for over 25 years. Most recently, BNY Mellon was appointed depositary bank for the merged company that will result from Suzano and Fibria Celulose SA (Fibria)'s deal. Today's conversion represents a critical step in this merger, needed for Suzano to absorb Fibria's current NYSE-listed ADR program. The merged entity, which will retain the name Suzano, will be a leading global pulp and paper player."Listing Suzano on the NYSE with this ADR progr Show less Read more
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