financetom
Business
financetom
/
Business
/
AstraZeneca wins shareholder backing for NYSE listing in US pivot
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AstraZeneca wins shareholder backing for NYSE listing in US pivot
Nov 3, 2025 8:31 AM

(Reuters) - AstraZeneca ( AZN ) shareholders approved a direct listing of the drugmaker's shares on the New York Stock Exchange on Monday, giving it access to a deeper capital pool.

The drugmaker said 99.36% of votes cast in a general meeting favoured the proposal. The company needed at least 75% of votes for the resolution to pass.

AstraZeneca ( AZN ), London's most valuable company, outlined plans for a much-anticipated U.S. direct listing in September, replacing its existing American depositary receipts on the Nasdaq with ordinary shares on the NYSE, while retaining its London and Stockholm listings.

The approval comes as the U.S. accounts for more than 40% of AstraZeneca's ( AZN ) revenue, making it critical to CEO Pascal Soriot's growth strategy and future outlook amid mounting political scrutiny.

(Reporting by Yamini Kalia and Aatrayee Chatterjee in Bengaluru; Editing by Arun Koyyur)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Hershey (HSY) Stock Climbs On Plan To Cut Synthetic Dyes
Hershey (HSY) Stock Climbs On Plan To Cut Synthetic Dyes
Jul 1, 2025
Shares of Hershey Co ( HSY ) closed Tuesday’s session sharply higher amid news that the confectionery giant will eliminate synthetic dyes from its products by the end of 2027. What To Know: The move, as reported by Bloomberg, positions Hershey alongside other major food industry players making similar commitments. According to a Hershey spokesperson cited by Bloomberg, the decision...
Post Completes $880 Million Acquisition of 8th Avenue Food & Provisions
Post Completes $880 Million Acquisition of 8th Avenue Food & Provisions
Jul 1, 2025
04:38 PM EDT, 07/01/2025 (MT Newswires) -- Post (POST) said late Tuesday it has completed the previously announced $880 million acquisition of 8th Avenue Food & Provisions. The deal value includes the assumption of $111 million in finance lease obligations, the company previously said. Shares of Post were down 1.9% in after-hours activity. Price: 109.38, Change: -2.15, Percent Change: -1.93...
JPMorgan raises dividend, unveils stock buyback after clearing Fed's stress test
JPMorgan raises dividend, unveils stock buyback after clearing Fed's stress test
Jul 1, 2025
July 1 (Reuters) - JPMorgan Chase ( JPM ) said on Tuesday it had approved a new $50 billion share repurchase program and plans to raise its quarterly dividend to $1.50 per share, after passing the U.S. Federal Reserve's annual stress test. The buyback authorization is effective from July 1 and gives the bank flexibility to repurchase shares at its...
Copyright 2023-2025 - www.financetom.com All Rights Reserved