Saturday, Apr 21, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Libbey stock could be delisted from NYSE

Libbey Inc., the Toledo glassware manufacturer, has been notified by the New York Stock Exchange that its stock is in danger of being delisted because the shares lack sufficient market value.

Rules require a value of at least $75 million. Libbey shares closed yesterday down 11 cents to $1.03 each, giving the company a market value of $11 million, according to Yahoo Finance.

In a filing with the U.S. Securities and Exchange Commission last week, the Toledo firm said that it plans to provide NYSE with a business plan for complying within 18 months with listing standards.

Firms whose shares are delisted by major exchanges typically trade on over-the-counter markets. Toledo s Dana Holding Corp. is under a similar delisting notification from NYSE.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…