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Tue, Jun 26, 2001 - Page 21 News List

NEC employs Morgan Stanley for NY listing

SHARE OFFERINGS The Japanese chipmaker wants to use its US shares to finance acquisitions

BLOOMBERG , TOKYO

NEC's shares are now traded in the US in the form of American depositary receipts, certificates issued by a US bank and traded as domestic shares. Global competitors such as IBM Corp and Nortel Networks Corp already have NYSE listings.

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