NYSE to suspend Fleetwood stock
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Fleetwood Enterprises Inc., the motor-home maker that lost more than 98% of its market value this year, will be suspended from the New York Stock Exchange for failing to comply with exchange requirements.
Fleetwood doesn’t plan to appeal the exchange’s decision to suspend the company’s stock, which will occur before the start of regular trading next week, said Kathy Munson, a spokeswoman for the Riverside company.
The company said Oct. 30 that it received notification from the NYSE that it was not in compliance with the average listing price of $1 a share over a consecutive 30-day trading period. The share price was unchanged Monday at 11 cents.
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