NEWS - Friday, November 21, 2008


Midway May be Delisted

The firm failed to meet the listing standard that requires NYSE-listed companies to maintain a minimum average closing price of $1 per share over 30 consecutive trading days.

Company stock was 25 cents just prior to market opening Friday morning.

Midway, publisher of the new Mortal Kombat vs. DC, has recently been subject to financial losses, layoffs and studio closures.

The company has six months to bring its stock back to shape, although that period could be extended. Shares will continue to be listed for the time being.

"The Company plans to notify the NYSE that it will seek to cure the deficiency," Midway said in a statement.


Source: http://www.edge-online.com

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