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Midway delisted from New York stock exchange

Leigh Alexander from Gamasutra writes:

"Embattled publisher Midway has been delisted from the New York Stock exchange. Faced with Chapter 11 restructuring and looming debts, the publisher's share value fell below acceptable trading levels.

In order to be listed on the New York Stock Exchange, every company must maintain a minimum average closing price of $1.00 per share over 30 consecutive trading days, but the Mortal Kombat publisher's recent, highly public struggles have made compliance with this rule an impossibility."

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gamasutra.com
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