Stock exchange may de-list Valassis

Share this article:

Media and marketing services company Valassis may become de-listed from the New York Stock Exchange, the company disclosed.

Valassis said it received notice from the NYSE that it was “not in compliance with certain continued listing standards applicable to our common stock.”

A company representative declined to comment further.

The company is below criteria because both the average market capitalization of its common stock over a consecutive 30 trading-day period was less than $75 million and its stockholder equity was less than $75 million.

As of February 18, Valassis' 30 trading-day average market capitalization was approximately $70.2 million. As of December 31, its stockholders' equity was $5.4 million, down from $241.2 million as of September 30.

Valassis has 45 days to submit a business plan to the exchange that shows it can return its listing requirements to compliance.

Share this article:
close

Next Article in Datamine

More in Datamine

List: Charitable Consumer - Leon Henry Inc.

List: Charitable Consumer - Leon Henry Inc. - The charitable consumer file consists of those who have responded to direct marketed sweepstakes offers from charitable organizations to win prizes by making a donation or through a free entry method.

List: Multiple Vehicle Owners - eTargetMedia

Multiple Vehicle Owners - eTargetMedia - The multiple vehicle owners file is comprised of families and individuals who have more than one vehicle at home.

List: EliteBakers - Leon Henry Inc.

EliteBakers - Leon Henry Inc. - EliteBakers is a network that successfully connects to other bakers. It is perfect for exchanging your best recipes or sharing your story on how to manifest your desire to be a culinary artist.