Midway receives delisting notice from NYSE
Filed under: Business
Industry folks have been joking that Midway is the new Atari; however, while Atari is finding redemption in rebirth, Midway continues to sink deeper into the Swamps of Sadness. The latest bit of bad news comes from the New York Stock Exchange, which has put the publisher on notice for potential delisting.
NYSE states that Midway needs a closing price of at least $1 over 30 consecutive days — the stock is currently trading at about 25¢. According to NYSE rules, the publisher has six months to save itself from delisting. At this time, the house of Booty has its financial future pinned on the performance of Mortal Kombat vs. DC Universe and Wheelman. Do you have the heart to tell Midway how this will end?
Midway receives delisting notice from NYSE originally appeared on Joystiq on Fri, 21 Nov 2008 09:45:00 EST. Please see our terms for use of feeds.
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