Ascendia Brands, Inc. announced that the American Stock Exchange has notified the company of its intention to commence de-listing proceedings under Section 1009(d) of the Amex Company Guide, because Ascendia’s stockholders’ equity does not meet the exchange’s continued listing standards. According to Ascendia, the company intends to exercise its right to request a review of the staff’s decision to initiate de-listing proceedings. Under the exchange’s rules, such a review must be requested wit...