NYSE Warns Playboy of Possible Delisting
Another publishing company has been warned of possible delisting by the New York Stock Exchange because of its declining market capitalization.
Playboy Enterprises Inc. said in a Securities and Exchange Commission filing that it had received notice from the NYSE that it is not in compliance with the exchange’s listing criteria, because its average market cap over a 30-day trading period fell below $75 million and that its shareholders‚ equity dipped below $75 million. Playboy’s market cap was listed today as $69.5
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