NYSE to Suspend Trading in Grubb & Ellis Company Moves to Remove From the List
NYSE Regulation announced today that it determined that the common stock of Grubb & Ellis Company (NYSE: GBE) - should be suspended from trading on the New York Stock Exchange ("NYSE") prior to the market opening on Friday, January 6, 2012. The Company expects to commence trading on the over-the-counter (OTC) market that same day under a symbol yet to be determined. NYSE Regulation has determined that the Company is no longer eligible for listing under Section 802.01B of the NYSE Listed Company Manual in view of the fact that it has fallen below the NYSE's continued listing standard regarding average global market capitalization over a consecutive 30 trading day period of less than $15 million, which is a minimum threshold for listing.
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