The New York Stock Exchange has notified Dana Holding Corp., a Maumee Fortune 500 firm, that it is again in full compliance with the exchange's listing standards and therefore is no longer facing a potential threat of delisting.
The exchange had notified the automotive parts maker in December that it could be delisted after its share price fell below $1 per share and its market capitalization fell below $100 million. Dana's share price has rocketed from a low of 19 cents in March to close yesterday at $6.88 a share.
The stock price rebound has bolstered the firm's market capitalization to exceed the exchange's $100 million minimum since May 29.
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