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

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

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.