CART faces being kicked-off the New York Stock Exchange after the result of its financial crisis sent its stock price spiraling downwards – and prompting a warning of delisting.
CART – whose shareholders will vote on a proposed takeover bid next month – has been told by the NYSE that its stock faces suspension and delisting after trading for 30 consecutive days at less than $1.
The NYSE has given CART until October 14 to put its case – but CART has already confirmed it will make no such move.
For the full story, see the features section of sportbusiness.com
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