Sea Containers Ltd., a container leaser and operator of ferry lines and high-speed train services, on Monday said it expects to lose its listing the New York Stock Exchange prior to the opening bell on Tuesday.
The Hamilton, Bermuda-based company said it received a written notice of the involuntary delisting from the exchange on Friday because its regulatory filings were not current.
Sea Containers said
it is not in a position to contest the ruling because it is presently focused on a restructuring and reorganization of the company. The company said it is uncertain when it will file the documents, which include its 2005 annual report and quarterly reports for 2006.