SEATTLE, Dec 18, 2006 (BUSINESS WIRE) -- Plum Creek Timber Company, Inc. (NYSE:PCL) today announced plansto withdraw the listing of its common stock from NYSE Arca, Inc.,formerly the Pacific Exchange. Plum Creek's common stock will continueto be listed on the New York Stock Exchange.
Plum Creek has decided to withdraw its listing from NYSE Arca,Inc. (formerly the Pacific Exchange) to streamline operations andeliminate duplicative administrative requirements inherent with duallistings as a result of the NYSE Group's recent merger withArchipelago Holdings, the parent company of NYSE Arca. This withdrawalis expected to be effective within the next month.
Plum Creek does not believe that withdrawing its listing from NYSEArca, Inc. (formerly the Pacific Exchange) will have any impact on theliquidity of its stock. NYSE Arca will continue trading Plum Creekstock on an unlisted trading privilege basis.
Plum Creek is the largest and most geographically diverse privatelandowner in the nation with more than 8 million acres of timberlandsin major timber producing regions of the United States and 10 woodproducts manufacturing facilities in the Northwest.
SOURCE: Plum Creek Timber Company, Inc.
Plum Creek Timber Company, Inc.
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