The decision to delist from NYSE Arca was made to eliminate duplicative administrative requirements and costs inherent with dual listings as a result of the NYSE Group's merger with Archipelago Holdings, the parent company of NYSE Arca. The withdrawal is expected to be effective within the next month; however, after that time, Smith's stock will continue to trade on an unlisted trading privilege basis.
Smith International, Inc. is a leading supplier of premium products and services to the oil and gas exploration and production industry. The Company employs over 18,500 full-time personnel and operates through four principal business units - M-I SWACO, Smith Technologies, Smith Services and Wilson.
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