Ferguson plc Merges into US-Based Ferguson Enterprises, New Structure Effective Today
Portfolio Pulse from Benzinga Newsdesk
Ferguson Enterprises Inc. has completed a merger to establish a new corporate structure, making it the new parent company of Ferguson plc. Ferguson plc shareholders received shares in Ferguson Enterprises Inc., and the company's stock will now trade on the NYSE and LSE under the symbol 'FERG'.
August 01, 2024 | 7:14 am
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Ferguson Enterprises Inc. has completed a merger to become the new parent company of Ferguson plc. The company's stock will now trade on the NYSE and LSE under the symbol 'FERG'.
The merger and new corporate structure are significant events that could positively impact the stock price due to increased investor interest and potential operational efficiencies. The stock's listing on both the NYSE and LSE under the same symbol 'FERG' may also attract more investors.
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