Dana Meets NYSE Listing Standards

MAUMEE, Ohio (AP) — Auto-parts supplier Dana Holding Corp. said Thursday the New York Stock Exchange had notified the company that it was in full compliance with the exchange's quantitative listing standards.

The news comes after Dana received a letter in December 2008 saying it had fallen below the minimum share price and market capitalization requirements for continued listing on the exchange.

Dana said it satisfied the minimum share price requirement — maintaining a 30-day average of more than $1 per share — and had a closing price of at least $1 on May 29.

Compliance for the market capitalization standard required Dana to maintain an average market capitalization of more than $100 million for two consecutive quarterly periods. The company said it has exceeded this requirement since May.

Dana recently completed a successful public share offering, raising about $250 million.

Shares of Dana dropped a penny to $6.87 in after-hours trading. They rose 14 cents, or 2.1 percent, to close at $6.88 during the regular session.