Kit Digital Heads for Worst Week in Two Months Before Czech Exit

Kit Digital Inc. (KITD) fell for a fourth day in Czech trading, headed for its biggest weekly slump in two months, after the software producer said yesterday it will delist from the Prague Stock Exchange.

The stock slumped 7.8 percent to 74 koruna by 10:19 a.m. in Prague, making it the worst performer in the 14-member PX (PX) index today. A close at that level would mark a 14 percent weekly drop for Kit shares, the steepest since the five days ended May 18.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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