NYSE Delists Budget

LISLE, Ill. -- The New York Stock Exchange has suspended trading of Budget Group's common stock because of the company's failure to meet the exchange's minimum share price and market capitalization criteria.

Budget has failed to meet requirements for a minimum closing share price of at least $1 per share over a 30-day period, a total market capitalization of at least $50 million, and stockholders' equity of at least $50 million.

Budget is now trading on the over-the-counter bulletin board under the ticker symbol BDGPA. In a released statement, Budget Group cited the weak economy and Sept. 11 terrorist attacks in explaining its failure to meet the share price and market capitalization criteria.

The company said the move to the over-the-counter bulletin board will not affect its normal business operations.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

Job Finder: Access Top Talent. Fill Key Positions.

>