Dollar Thrifty Automotive Group Reports Continued NYSE Listing

Dollar Thrifty Automotive Group Inc. announced Jan. 26 that the New York Stock Exchange (NYSE) has determined not to commence delisting proceedings with respect to Dollar Thrifty's common stock. Dollar Thrifty previously notified the NYSE that it had failed to meet the $25 million minimum market capitalization requirement for the 30-day period ended Dec. 22, 2008.

In advising Dollar Thrifty of its decision, the NYSE recognized the overall decline in trading prices in today's volatile markets. These conditions also recently prompted the NYSE to propose a temporary reduction in the minimum market capitalization requirement to $15 million, which the NYSE expects to be effective until April 22, 2009.

"We are pleased that the NYSE has demonstrated some flexibility on their listing standards during these exceptional times," said Scott Thompson, president and chief executive officer of Dollar Thrifty.

Comment On This Story

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

Why Do We Visit Capitol Hill?

Members of the American Car Rental Association met with U.S. senators, representatives, and their aides last week. Here’s why bringing the message to this forum matters.

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Job Finder: Access Top Talent. Fill Key Positions.