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

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>