Beleaguered games publisher Midway (MWY) has been delisted from the New York Stock Exchange.
The New York Stock Exchange first warned Midway of a possible delisting in November 2008, when the company was given 6 months to return their stock to acceptable trading levels. With Midway's recent Chapter 11 filling, catalog of debts and the shareholder-confidence-shaking sale of the company's controlling shares for a mere $100,000 USD, Midway has been unable to maintain the NYSE's standards of a minimum average closing price of $1.00 USD per share over 30 consecutive trading days.
[via EDGE]
February 20th, 2009 at 10:16 am
And another one bites the dust.