The Other Paper Parent Company Will Delist its Stock
october 23, 2008 09:14 am
American Community Newspapers, which
purchased the Columbus, Ohio, alt-weekly in May 2007, announced on Tuesday its intent to voluntarily remove its stock from NYSE Alternext (formerly the American Stock Exchange). The move will "save management time and attention" and also "eliminate listing fees and result in reduced expenses," according to a press release. The company expects its last day on the exchange to be Nov. 11, but shares could continue to trade on an over-the counter basis after the delisting takes effect.