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Article: Sun-Times Media Group Initiates Plans to Deregister Class A Common Stock.
- Article from:
- Entertainment Close-up
- Article date:
- January 6, 2009
CopyrightCOPYRIGHT 2009 Close-Up Media, Inc. 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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Sun-Times Media Group, Inc. announced on January 2 that it has proceeded with its previously announced plans and has filed to file a Form 15 with Securities and Exchange Commission (SEC) on January 2, voluntarily de-registering its Class A Common Stock and ending its reporting obligations under the Securities Exchange Act of 1934.
On November 18, the Company's Board of Directors announced the Company's plan to file a Form 15. In reaching its decision, the Board determined that the benefits to the Company and its shareholders from maintaining the registration of the Class A Common Stock, particularly given that the stock was previously delisted from the New York ...