|
|
Article: Libbey Inc. Shares to Move to OTC Bulletin Board.
- Article from:
- Investment Weekly News
- Article date:
- May 2, 2009
CopyrightCOPYRIGHT 2009 NewsRX. 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)
|
Libbey Inc. (NYSE:LBY) announced that it has received notice from the New York Stock Exchange (NYSE) that trading of the Company's stock will be suspended prior to the market opening on April 20, 2009 and the shares will be delisted.
The NYSE took this action because Libbey has been unable to comply with the stock exchange's requirement to maintain an average market capitalization not less than $15 million for a 30 trading day period. Accordingly, delisting is automatic.
As announced on February 20, 2009, Libbey was notified that it had fallen below the NYSE's continued listing standard of $75 million relating to the Company's total market capitalization ...