Gray Television Could Face NYSE Delisting

Nov 7, 2008  •  Post A Comment

Television station owner Gray Television could face delisting after being notified by the New York Stock Exchange that it had failed to meet one of its listing standards, TVNewsday reports. Because its common stock share price and average share price hadn’t surpassed $1 over a consecutive 30-day trading period, the company now has six months to meet that NYSE requirement or face delisting. The company plans to notify the NYSE within the next 10 business days that it intends to cure the price deficiency.
—Christopher Perez

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