Six Flags’ NYSE status in question
From Times Wire Services
Six Flags Inc., the second-largest U.S. amusement-park chain, said it was not in compliance with the listing standards of the New York Stock Exchange because its share price has declined.
As a result, Six Flags may consider a reverse stock split, the company said.
The NYSE requires companies to have a closing price averaging more than $1 over a 30-day period. Six Flags’ average 30-day price was 96 cents as of the close of trading Thursday.
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