USA: Trading In Guilford Mills Suspended By NYSE
Troubled textile giant Guilford Mills Inc - facing possible Chapter 11 bankruptcy - had its trading suspended by the New York Stock Exchange on Monday and told its shares will now be de-listed. The NYSE said in a statement that the Greensboro-based firm had failed to meet its continued listing criteria concerning average global market capitalisation of $15 million and average closing price of $1 over a consecutive 30-day trading period.
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