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NYSE to drop Dan River

The New York Stock Exchange said it will suspend trading in shares of Dan River on Feb. 3 or earlier, and de-list the stock from the Big Board.

The action comes after the stock fell below the exchange's minimum-share-price requirement of $1.

Dan River said it "intends to seek to trade its class A common stock on the OTC bulletin board."

Dan River is the latest casualty of stunted share prices in the home fashions business. Earlier the NYSE de-listed WestPoint Stevens, Pillowtex and Crown Crafts.

Only home-fashions producers Mohawk Industries, Quaker Fabric and Culp have stock worth more than $1.00 a share.

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