Dan River's business plan gets go ahead
March 14, 2002,
Danville, VA — The New York Stock Exchange has given Dan River a green light, assuring its continued listing on the Big Board, by approving a business plan that gives the company time to get its stock price up and into compliance with exchange regulations.
Dan River was threatened with de-listing when its stock price fell beneath $1 a share over a 30-day period, generating a market capitalization — the value of all the outstanding shares — beneath the required level of $15 million.
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