Delisting Procedure Begins for 4Kids

NEW YORK: The New York Stock Exchange has begun delisting procedures for 4Kids Entertainment, after the company’s market capitalization fell below $15 million.

4Kids has the right to call for a review of the NYSE decision by a Committee of the Board of Directors of NYSE Regulation within ten days. If no review is requested, NYSE will set a suspension date. 4Kids has not yet determined if it will call for a review. The company said that if its NYSE stock is suspended, it will make arrangements to trade on the over-the-counter market.

4Kids reported at the start of this week that it was facing a delisting. It also revealed that it had received a non-binding indication of interest for a buy out. No details have been revealed about the potential suitor.