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NYSE suspends hhgregg trading, will delist it

Staff Writer |
The New York Stock Exchange (NYSE) decided to commence proceedings to delist the common stock of hhgregg from the NYSE.

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Trading in the Company's common stock on the NYSE has been suspended.

NYSE Regulation reached its decision to delist the common stock because the company has fallen below the NYSE's continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000.

The company has a right to a review of this determination by a committee of the board of directors of the exchange.

The NYSE will apply to the Securities and Exchange Commission (SEC) to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

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