4Kids stock delisting begins

New York Stock Exchange to remove common stock of company from the list.
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The New York Stock Exchange has begun delisting procedures regarding the common stock of 4Kids Entertainment.

The move comes after the company's failure to maintain an average global market capitalisation over a consecutive 30 trading period of not less than $15 million.

A statement from NYSE said that 4Kids had a right to review the decision. If it does not request a review, a suspension date will be announced.

4Kids will be deciding within the next ten business days whether to request a review.

If it is delisted, it is expected that the company will make arrangements for stock to trade on the over the counter market.


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