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Circuit City To Be De-Listed

12/04/2008 04:07:00 PM Eastern

New York — The New York Stock Exchange (NYSE) will formally de-list Circuit City’s common stock on Dec. 15.

The expected action follows the NYSE’s suspension of Circuit City shares from trading on Nov. 10 due to the retailer’s Chapter 11 bankruptcy filing and because the average closing price of the company's common stock was less than $1/share over a consecutive 30-trading-day period.

Circuit City took no action to appeal the NYSE’s decision. Its common stock is currently trading over the counter and is being quoted on the Pink Sheets service under the ticker symbol CCTYQ.

Clickhereto read TWICE's complete coverage of Circuit City and Tweeter.