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Article: WestPoint Stevens Expects Common Stock To Be Quoted On The OTC Bulletin Board Following Suspension Of Trading By The New York Stock Exchange.
- Article from:
- PR Newswire
- Article date:
- January 24, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Guidance for Fourth Quarter 2002 Results Increased
WestPoint Stevens Inc. (www.westpointstevens.com ) today announced that it has been informed by the New York Stock Exchange, Inc. (NYSE), that, prior to the market opening on January 30, 2003, the NYSE will suspend trading of WestPoint Stevens' common stock. The NYSE indicated that it will thereafter commence proceedings with the Securities and Exchange Commission to delist the security. As previously announced, the NYSE in October 2002 notified WestPoint Stevens that it was not in compliance with the NYSE's continued listing requirements and that WestPoint Stevens common stock could be subject to delisting.
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