NYSE Suspends Trading in Williams Communications
NEW YORK, March 11 -- The New York Stock Exchange (NYSE) has suspended trading in Williams Communications Group Inc. stock and said it will seek to delist the company because of its low trading price.
On March 1, the NYSE said it was reviewing whether Williams Communications should continue to be listed on the Big Board, since the stock dropped below the NYSE's minimum share-price requirement. Shares of Williams Communications last changed hands at 13 cents.
Last month, Williams Communications said it might file for Chapter 11 bankruptcy protection to reorganize its $5.16 billion debt. Before that, the Tulsa , Okla., company had said it wasn't considering a bankruptcy-law filing or moves that would result in substantial shareholder dilution.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024