Wednesday, Oct 22
NYSE Says Goodbye to GateHouse Media
GateHouse Media, which publishes 97 daily newspapers and 400 other publications, will be delisted from the New York Stock Exchange before the market opens on Friday.
For more than a year, the per share price has hovered below the $1.05 minimum required by the exchange, trading at less than $0.17/share today. It traded for $20/share when the stock debuted on the market in October, 2006.
GateHouse attempted to keep its ticker symbol alive by submitting a business plan to NYSE last month, but the exchange decided "the 'abnormally low' price of the stock makes it appropriate" to suspend trading.
CORRECTION
26th October, 2008
Thanks to an alert Think! reader, I am told that the the above piece from FishbowlNY is incorrect.
Apparently, GateHouse Media did not go below $1.05 until July of this year.
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New York Times
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1 comment:
When you write a blog you should get your information streight. GateHouse did not start to go below a $1.05 until July of this year.
Manager GHS
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