NYSE To Suspend Trading In Fremont General Corp. >FMT
By Daniel at 14 April, 2008, 4:48 pm
NYSE To Suspend Trading In Fremont General Corp. >FMT
Last Update: 4/14/2008 4:47:02 PM
DOW JONES NEWSWIRES
The New York Stock Exchange said it will suspend trading of Fremont General Corp.
(FMT) prior to the opening of trading Thursday for violating the exchange’s
minimum bid-price requirement.
Fremont General, a Santa Monica, Calif., financial services holding company, will
also have its 9% Trust Originated Preferred Securities suspended.
The suspension is due to the company’s shares trading below a $1 a share for 30
consecutive days and the “abnormally low” price of its common stock with a
resultant market cap of $35.8 million as of closing April 11, according to the
NYSE.
Shares of Fremont General closed up 9 cents, or 20%, to 54 cents, and weren’t
active after hours.
InvestmentWatch relies on the financial support of its readers.
Your endorsement is greatly appreciated!
Possibly Related Posts:
- Real Estate Bubble in Beijing
- Tonight on Asian news they were calling for a correction in gold to reach $870 before taking off to $1,200 later this year or next.
- Forbes Article: “JPM is the Best Bank”
- US Treasuries and all paper money
- China mid June steel output hits 2009 high -CISA
Did you like this? If so, please bookmark it,
No comments yet.