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Freddie Mac (FRE Quote) has received a delisting notice from the New York Stock Exchange, according to a regulatory filing Friday.
The mortgage giant's average closing price over the past 30 days has been below $1 a share, one of the Big Board's criterion for delisting. The company's common and preferred shares are subject to delisting unless the company notifies the exchange of its plans to cure the deficiency by Dec. 2.
If the company chooses to attempt to address the problem, it would have six months from Nov. 17 to get its average share price above $1. ...
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