Grubb & Ellis plans to withdraw appeal of NYSE suspension, delisting

By Ashley Montgomery

Kansas City, Kan., March 12 - Grubb & Ellis Co. notified the New York Stock Exchange that it would withdraw its appeal of the exchange's suspension of the company's common stock and the exchange's plans to delist the company, according to an 8-K filing with the Securities and Exchange Commission.

Because of non-compliance with the exchange's listing standards, the NYSE suspended trading of the company's common stock and planned to delist the stock.

According to the filing, the exchange has definitively decided to delist the company and will file an application to that effect with the Securities and Exchange Commission.

The company's stock was traded under the symbol "GRBE."

Grubb & Ellis, a Santa Ana, Calif.-based real estate services and investment firm, filed for bankruptcy on Feb. 20. The Chapter 11 case number is 12-10685.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.