NYSE may de-list Bombay’s stock
May 25, 2007,
Fort Worth,Texas— Home furnishings specialty retailer The Bombay Company said that its stock could be de-listed by the New York Stock Exchange (NYSE) because the share price and market capitalization have fallen below the exchange’s minimums.
The retailer, which planned to announce its first-quarter operating results today, said it would submit a plan to regain compliance with NYSE listing requirements. However, the company said it may have to make arrangements to have its stock traded on the over-the-counter bulletin board (OTC) or similar quotation system.