Frontier Airlines to Be Delisted
The carrier filed Friday for bankruptcy court protection.
Frontier Airlines
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, which filed Friday for bankruptcy court protection, says its stock will be delisted from the Nasdaq.
The Denver-based carrier doesn't intend to appeal the decision. Shares will trade on the Nasdaq through April 21. Once they are delisted, limited trading is expected to continue on the over-the-counter Bulletin Board or the Pink Sheets. The shares closed Tuesday at 78 cents, down 2 cents.
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Generally, existing shares are canceled when a company emerges from bankruptcy.
