New York Stock Exchange To Suspend, Apply To Delist Tag Heuer International SA

The New York Stock Exchange announced today that trading in the American Depositary Receipts of Tag Heuer International SA-ticker symbol THW-will be suspended as of the close of business on Friday, Feb. 25, 2000. Following suspension, application will be made to the Securities and Exchange Commission to delist the issue. The NYSE said it normally considers suspending and removing from its list the securities of a company when the number of American Depositary Receipts is less than 600,000. As a result of a tender offer by LVMH, which closed on November 25, 1999, fewer than 600,000 ADRs of Tag Heuer remain.