Ferguson PLC (FERG) has released an update.
Ferguson Enterprises Inc. has finalized the restructuring of its corporate entity, now headquartered in the United States as the parent company of the Ferguson plc group. This strategic move included merging with and into Ferguson plc, resulting in Ferguson plc shares being replaced with shares of the new parent company on a one-for-one basis. Concurrently, Ferguson plc’s listing on the London Stock Exchange was canceled, and the newly structured company’s common stock commenced trading under the same ticker symbol ‘FERG’.
For further insights into FERG stock, check out TipRanks’ Stock Analysis page.
