Accuride Corporation Receives Suspension Notice from NYSE
- SEE ALSO: ALL ACCURIDE ARTICLES
EVANSVILLE, Ind. November 10, 2008: Accuride Corporation , received notice today that prior to market open on Wednesday, November 12, 2008, its stock would be suspended from trading on the New York Stock Exchange (NYSE). The NYSE notes that Accuride’s suspension from trading is due to the fact the Company fell below the NYSE’s continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of not less than $25 million, which the NYSE views as a minimum threshold for continued listing.
Accuride does not plan to appeal the suspension. The Company anticipates being quoted on the Pink Sheet Electronic Quotation Service as soon as the NYSE suspends trading. The Company noted that not being listed on the NYSE is not a default under the Company's credit agreement.