Trading Is Suspended On FGH's Common Stock

Friday, April 20, 2001
The New York Stock Exchange said on Friday it suspended trading in the common stock of Friede Goldman Halter, the troubled maker of offshore equipment for the energy industry, in view of the company's filing for bankruptcy protection.

The NYSE said the suspension of trading in the Gulfport, Miss.-based company would go into effect immediately, and that an application with the Securities and Exchange Commission to de-list the stock is pending an appeal by the company.

The company, which filed for Chapter 11 bankruptcy protection on April 19, has recently failed to meet the NYSE's continued listing criteria relating to inability to meet current debt obligations and adequately finance operations.

The NYSE said the company's stock was selling at an abnormally low price. Shares of FGH last traded at $.20, a penny above their 52-week low.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

AN/SPY-1 SSSA Completes Critical Design Review

The Critical Design Review (CDR) stage for AN/SPY-1 radar Solid-State Switch Assembly (SSSA)'s high voltage modulator completed Aug. 26, confirming that the

General Dynamics Wins US Navy Award for F/A-18 Mission Computers

General Dynamics Advanced Information Systems, a business unit of General Dynamics, was awarded a $16.2 million contract by the U.S. Navy to produce Type-3 Advanced

Phoenix International Awarded US$75-M Subsea Navy Contract

US Department of Defense inform that Phoenix International Holdings Inc., Largo, Maryland, is being awarded a $75,000,000 indefinite-delivery/indefinite-quantity,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1551 sec (6 req/sec)