This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:UPS Marks 10th Birthday as a Public Company 2009-11-06 09:30 ET - News Release  Company Website:
http://www.pressroom.ups.com NEW YORK -- (Business Wire)
Ten years after its Initial Public Offering, UPS (NYSE:UPS) marked the
anniversary today as its chief executive officer returned to the Big
Apple to ring the opening bell for the New York Stock Exchange.
Chairman and CEO Scott Davis was joined by members of the UPS Board of
Directors and senior executives in launching the trading day on Friday.
Davis is the 10th chairman and CEO in UPS’s 102-year history
but only the third to spend time guiding the affairs of a “public” UPS.
UPS, founded as a Seattle messenger service in 1907 by a 19-year-old
named Jim Casey, was owned privately by employees, retirees and various
foundations until Nov. 10, 1999. On that day, UPS issued 109.4 million
Class B shares representing 10 percent of the company’s outstanding
shares at an IPO price of $50 per share.
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