Loews Corporation to Change Ticker Symbol to ''L''
16 June 2008 - 10:30PM
Business Wire
Loews Corporation (NYSE: LTR) today announced that it is changing
its ticker symbol to L, effective at the start of trading on
Monday, June 23, 2008. To mark the occasion, company officials will
ring the opening bell on the floor of the New York Stock Exchange.
This event coincides with completion of the tax free split-off of
Loews�s entire ownership interest in Lorillard, Inc. (NYSE: LO),
which became a separate publicly traded company upon the redemption
of Carolina Group stock on June 10, 2008. �After trading on the New
York Stock Exchange for almost fifty years under the symbol LTR, we
are pleased to change to the symbol L, which will strengthen the
recognition of Loews,� said James S. Tisch, Chief Executive Officer
of Loews. �While our stock symbol may be changing, our structure
and strategy will not: We are a diversified holding company and
continue to strive to build value for all shareholders over the
long term.� Loews Corporation, a holding company, is one of the
largest diversified corporations in the United States. Its
principal subsidiaries are CNA Financial Corporation (NYSE: CNA);
Diamond Offshore Drilling, Inc. (NYSE: DO); HighMount Exploration
& Production LLC; Boardwalk Pipeline Partners, LP (NYSE: BWP);
and Loews Hotels.
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