Today, NYSE Group, Inc. (NYSE: NYX), welcomed Washington Group International (NYSE: WNG), a leading engineering, construction and management company, to join the NYSE after the company’s transfer from Nasdaq to the world’s leading equities market.
"We are pleased to welcome Washington Group International to our family of listed companies," said NYSE Group, Inc. Chief Executive Officer John A. Thain. "We look forward to providing Washington Group with the highest market quality, unsurpassed brand visibility, and unparalleled services that issuers have come to expect from the NYSE."
"Our transfer to the New York Stock Exchange is another great milestone for our company," said Stephen G. Hanks, President and Chief Executive Officer of Washington Group International. "We have achieved outstanding financial results including a compound annual growth rate in net income of 39 percent over the last four years and a record level of backlog. And Washington Group International is well-positioned for continued growth."
Washington Group International Chairman Dennis Washington and President & CEO Stephen G. Hanks joined by senior executives from the company commemorated the transfer by ringing today’s Closing Bell(SM).
About Washington Group International
Washington Group International (NYSE: WNG) provides the talent, innovation, and proven performance to deliver integrated engineering, construction, and management solutions for businesses and governments worldwide. Headquartered in Boise , Idaho , with more than $3 billion in annual revenue, the company has approximately 25,000 people at work around the world providing solutions in power, environmental management, defense, oil and gas processing, mining, industrial facilities, transportation and water resources. For more information, visit www.wgint.com.
About NYSE Group, Inc
NYSE Group, Inc. (NYSE:NYX) operates two securities exchanges: the New York Stock Exchange LLC (the “NYSE”) and NYSE Arca, Inc. (formerly known as the Pacific Exchange). NYSE Group is a leading provider of securities listing, trading and market data products and services. In 2006, on an average trading day, 2.3 billion shares, valued at $86.8 billion, were traded on the exchanges of the NYSE Group.
The NYSE is the world’s largest and most liquid cash equities exchange. The NYSE provides a reliable, orderly, liquid and efficient marketplace where investors buy and sell listed companies’ common stock and other securities. On December 31, 2006 , the operating companies listed on the NYSE represented a total global market capitalization of $25.0 trillion.
NYSE Arca, Inc. operates the former ArcaEx®, the first open, all-electronic stock exchange in the United States , which has a leading position in trading exchange-traded funds and exchange-listed securities. NYSE Arca, Inc. is also an exchange for trading equity options. NYSE Arca, Inc.’s trading platforms provide customers with fast electronic execution and open, direct and anonymous market access.
NYSE Regulation, an independent not-for-profit subsidiary, regulates member organizations through the enforcement of marketplace rules and federal securities laws. NYSE Regulation also ensures that companies listed on the NYSE and NYSE Arca meet their financial and corporate governance listing standards.
For more information on NYSE Group, go to: www.nyse.com.
