Advertisement

News Wire

Kemet Rejoins NYSE

GREENVILLE, S.C. — KEMET Corporation (NYSE Amex: KEM), a leading manufacturer of tantalum, multilayer ceramic, solid aluminum, film, paper and aluminum electrolytic capacitors, announced today that its common stock has been approved for listing on the New York Stock Exchange (“NYSE”). Trading is expected to commence on the NYSE on Monday, November 15, 2010. KEMET will retain its current trading symbol, 'KEM' (NYSE: KEM).

“We are extremely pleased to be returning to the NYSE. Our company has taken many actions over the course of the past two years to mitigate the effects of the worldwide recession,” stated Per Loof, KEMET's Chief Executive officer. “Today our efficiencies and cash management are greatly improved and we have significantly reduced our cost structure. We are a stronger company today than we were two years ago. Returning to the NYSE will aid in bringing back visibility of the KEMET story to a larger circle of institutional investors and industry analysts,” continued Loof.

{complink 12824|Kemet Corp.}

0 comments on “Kemet Rejoins NYSE

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.