Borders Receives Notice About Not Being Compliant For NYSE Listing
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
Borders Group Inc. (NYSE:BGP) has received a notice from the NYSE Regulation, Inc. that they are not longer compliant with the continued listing standard of the New York Stock Exchange, Inc. (the “NYSE”). The NYSE requires a minimum average closing price of $1.00 per share over a 30 trading day period. Borders is being given 6 months from yesterday to fix the deficiency.