Fake news. They aren't delisting their common or preferred stock from NYSE. They are delisting some securities that reached maturity, namely 0.250% Notes due 2022.
Per the cited CFR rule provision stated on the notification or removal (17 CFR 240.12d2-2(a)(2)), § 240.12d2-2 Removal from listing and registration:
Preliminary Notes: 1. The filing of the Form 25 (Sec. 249.25 of this chapter) by an issuer relates solely to the withdrawal of a class of securities from listing on a national securities exchange and/or from registration under section 12(b) of the Act (15 U.S.C. 78l(b)), and shall not affect its obligation to be registered under section 12(g) of the Act and/or reporting obligations under section 15(d) of the Act (15 U.S.C. 78o(d)). 2. Implementation. The rules of each national securities exchange must be designed to meet the requirements of this section and must be operative no later than April 24, 2006. Each national securities exchange must submit to the Commission a proposed rule change that complies with section 19(b) of the Act (15 U.S.C. 78s) and Rule 19b-4 (17 CFR 240.19b-4) thereunder, and this section no later than October 24, 2005. (a) A national securities exchange must file with the Commission an application on Form 25 (17 CFR 249.25) to strike a class of securities from listing on a national securities exchange and/or registration under section 12(b) of the Act within a reasonable time after the national securities exchange is reliably informed that any of the following conditions exist with respect to such a security:
(1) The entire class of the security has been called for redemption, maturity or retirement; appropriate notice thereof has been given; funds sufficient for the payment of all such securities have been deposited with an agency authorized to make such payments; and such funds have been made available to security holders.
(2) The entire class of the security has been redeemed or paid at maturity or retirement.
It's clear you don't know how to read these kinds of notifications and couldn't be bothered to look up the CFR rule provision. You just simply made up a click-bait headline and posted it so idiots would fall for your made up bullshit. Now fuck off with your fake news.
I'm not sure what is worse, he believes this is a delisting or he is pushing fake news on purpose.
Yup. You are correct.
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