Charter Returns to NASDAQ9/14/2010 9:34 PM Eastern
Charter Communications made its return to the NASDAQ Stock Exchange Tuesday, opening at $38 per share, but leveled off to close the day at $35.50 each, up 50 cents, or 1.4% from its previous when-issued close.
Charter said on Friday that it had planned to return to the NASDAQ Sept. 14 after it had been delisted in March 2009 after it filed for bankruptcy protection. Charter emerged from bankruptcy in November 2009 and its shares have been trading on the over-the-counter market on a when-issued basis since December.
"To resume trading on NASDAQ is an important and meaningful milestone for Charter," said Charter CEO Mike Lovett in a statement. "As always, our goal is to provide Charter customers with outstanding entertainment and communications at a great value."