Samsonite taken off Nasdaq
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Posted 8:27AM on Tuesday 15th January 2002 ( 23 years ago )
DENVER - Samsonite Corp. has been removed from the Nasdaq Stock Market because of declining market capitalization, the company said Monday.<br>
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Samsonite officials are making arrangements for the stock to be traded on the OTC Bulletin Board, the company said in a written statement.<br>
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Samsonite said its capitalization fell below Nasdaq's Smallcap standards as stocks plunged after the Sept. 11 terrorist attacks.<br>
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The company had asked for more time to restore its capitalization, but Nasdaq officials declined.<br>
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Samsonite shares closed unchanged at $1.33 Monday on its final day on the Nasdaq Stock Market.<br>
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http://accesswdun.com/article/2002/1/200183
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