Alphabet will start operations at the close of business today

The restructuring of Google that leads to new parent company Alphabet will be completed by the close of business today. On Google’s investor relations site, the soon-to-be subsidiary company announced that shares of Google Class C and Class A Common Stock will begin trading under Alphabet’s name on Monday, October 5. The stock, though, will still use GOOG and GOOGL ticker symbols.

Hit the break for Google’s statement to investors.

Google Proceeds With Implementation of New Operating Structure

Google Inc. announced today that, pursuant to its previously announced plans to create a new public holding company, Alphabet Inc. (“Alphabet”), by implementing a holding company reorganization (the “Alphabet Merger”), it expects that the Alphabet Merger will close after the close of business on October 2, 2015. Google anticipates that shares of Google Class C Capital Stock and shares of Google Class A Common Stock will begin trading as Alphabet Class C Capital Stock and Alphabet Class A Common Stock, respectively, on the NASDAQ Global Select Market on October 5, 2015. Shares of Alphabet Class C Capital Stock and shares of Alphabet Class A Common Stock will continue to be traded under the same ticker symbols under GOOG and GOOGL, respectively.

Source: Google Investor Relations

Come comment on this article: Alphabet will start operations at the close of business today