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Spectrum Brands Faces Delisting on NYSE

Market cap falls below $75 million.

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By: TOM BRANNA

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The New York Stock Exchange has notified Spectrum Brands Inc. that the company’s stock faces delisting because its average total market capitalization was less than $75 million over a 30 trading-day period and at the same time its stockholders’ equity was less than $75 million. As of Oct. 31, Atlanta-based company’s 30 trading-day average market capitalization was $72.4 million. “While we are extremely disappointed in the recent performance of our stock, which was pressured during the last few...

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