Tuesday, January 13, 2009

Monaco Coach faces delisting from NYSE

Monaco Coach Corp. was notified by the New York Stock Exchange last week that it was not in compliance with NYSE’s rules for common stock and faces being delisting, according to a regulatory filing made public Monday.

Because Coburg-based Monaco’s (NYSE: MNC) stock has not closed over $1 for 30 consecutive trading days, the exchange has given the company 10 business days, or until Jan. 21, to notify it of its intent to cure the deficiency. Monaco said it intends to do that.

Under NYSE rules, Monaceo has six months to bring the stock to $1.
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