Spokane, Washington, USA, 06 December 2010 -- (BUSINESS WIRE) -- Potlatch Corporation (NYSE:PCH) today announced that its board of directors has voted to transfer its stock exchange listing from the New York Stock Exchange to the NASDAQ Global Select Market, an exchange of the NASDAQ OMX Group Inc. (NASDAQ:NDAQ). The company currently expects that its common stock will commence trading on the NASDAQ on 17 December 2010 and will continue to be listed under the ticker symbol "PCH."
"Our switch to NASDAQ is part of our continued focus on delivering shareholder value," said Eric Cremers, vice president finance and chief financial officer of Potlatch. "We believe NASDAQ OMX's global technology leadership and vast product offerings provide Potlatch and our shareholders with increased value."
Potlatch is a real etate investment trust (REIT) with approximately 1.5 million acres of timberland in Arkansas, Idaho, and Minnesota. Potlatch, a verified forest practices leader, is committed to providing superior returns to stockholders through long-term stewardship of its forest resources. The company also conducts a land sales and development business and operates wood products manufacturing facilities through its taxable REIT subsidiary. For more information about the company, visit www.potlatchcorp.com.
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology, and public company services across six continents, with approximately 3600 listed companies. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; NASDAQ OMX Nordic, including First North, NASDAQ OMX Baltic and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs. NASDAQ OMX Group technology supports the operations of more than 70 exchanges, clearing organizations, and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX Group exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit www.nasdaqomx.com.