MF Global Stock to Be Delisted by NYSE, Citing Bankruptcy
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The New York Stock Exchange plans to delist shares of MF Global Holdings Ltd., citing its bankruptcy filing, and the stock will probably move to an over-the-counter listing venue.
MF Global “is no longer suitable for listing,” according to NYSE Regulation Inc., a unit of NYSE Euronext. Shares haven’t traded during regular hours since Oct. 28 after being delayed before yesterday’s open, according to data sent to Bloomberg. It fell 67 percent last week to $1.20 before the company sought bankruptcy protection yesterday.