Cagle's, Inc. Common Shares Delisting
27 Octobre 2011 - 12:03AM
PR Newswire (US)
ATLANTA, Oct. 26, 2011 /PRNewswire/ -- On October 21, 2011, Cagle's, Inc. (NYSE Amex:
CGL.A) received notice from NYSE Amex LLC (the "Exchange") that it
does not satisfy rules for continued listing on the Exchange.
In particular, the Company has filed voluntary petitions
under Chapter 11 of the United States Bankruptcy Code in the
Northern District of Georgia, and
as a result the staff of the Exchange has determined that the
Company does not satisfy Section 1003(a)(iv) of the NYSE Amex LLC
Company Guide (the "Company Guide"), relating to companies that
have sustained losses so substantial in relation to their
overall operations or their existing financial resources, that
in the opinion of the Exchange, continuing all operations is
questionable. Cagle's, Inc. does not plan to appeal the staff
determination, which will result in the determination becoming
final. The Exchange will continue the trading suspension
until the delisting of Cagle's, Inc. stock is complete.
SOURCE Cagle's, Inc.
Copyright 2011 PR Newswire
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