Financial Times FT.com

NYSE in talks to relax its $1 minimum rule

By Anuj Gangahar in New York

Published: February 25 2009 00:26 | Last updated: February 25 2009 00:26

NYSE Euronext is in talks with US regulators about relaxing its requirement that companies listed on the New York Stock Exchange maintain a share price of more than $1 to protect itself from a possible wave of delistings.

The exchange group is in talks with the Securities and Exchange Commission about a temporary relaxation of the rule. An announcement is expected in the coming weeks.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this