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Kodak in danger of shares being delisted from NYSE
By: The Associated Press//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.
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