Accuride Receives NYSE Suspension Notice

On November 10 Accuride Corporation received notice that prior to the opening of the New York Stock Exchange on Wednesday, November 12 its stock would be suspended from trading. The NYSE noted that Accuride’s suspension from trading is due to the fact that the company fell below the NYSE’s continued listing standard regarding average global market capitalisation over a consecutive 30 trading day period of not less than US$25 million, an amount the NYSE views as a minimum threshold for continued trading.

Accuride said in a statement dated November 10 that it does not plan to appeal the suspension. The company anticipates being quoted on the Pink Sheet Electronic Quotation Service as soon as the NYSE suspends trading, and further notes that not being listed on the NYSE is not a default under the company’s credit agreement.