Kodak in danger of shares being delisted from NYSE

By The Associated Press
Posted: 6:11 pm Tue, January 3, 2012

Eastman Kodak Co. has been warned by the New York Stock Exchange that its stock will be delisted if the price remains below $1 per share for the next six months, the ailing photography company said Tuesday.

The exchange put the company on notice after its shares’ average closing price was below $1 for 30 straight trading days.

Under NYSE rules, the company has six months to regain compliance with the minimum share price requirement.

Kodak shares fell 2.35 cents, or nearly 4 percent, in extended-hours trading after finishing up a cent at 65 cents during the regular session.