NYSE To Suspend Trading In The Third Cumulative Preferred Stock, $1.70 First Series Of H.J. Heinz Company
The New York Stock Exchange (“NYSE”) announced yesterday that the staff of NYSE Regulation, Inc. (“NYSE Regulation”) has determined to commence proceedings to delist the Third Cumulative Preferred Stock, $1.70 First Series (“Preferred Stock”) of H. J. Heinz Company (the “Company”) -- ticker symbol HNZ PR -- from the NYSE. Trading in the Company’s Preferred Stock will be suspended prior to the opening of trading on February 15, 2013.
NYSE Regulation has determined that the Preferred Stock is no longer suitable for listing because it does not meet the minimum continued listing distribution requirement of 100,000 publicly held shares outstanding as set forth in Section 802.01 of the NYSE Listed Company Manual.
The Company has a right to a review of this determination by a Committee
of the Board of Directors of NYSE Regulation. Application to the
Securities and Exchange Commission to delist the issue is pending the
completion of applicable procedures, including any appeal by the Company
of the NYSE Regulation staff’s decision.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV