Citadel CEO Farid "Fagreed" Suleman will become a D-lister on March 6th.
That's when The New York Stock Exchange will delist Citadel and basically relegate it to some type of over-the-counter trading.
This is major.
If you're a Citadel shareholder, my sympathies. What took you so long to realize what has been unfolding for years?
The big question for everyone else is -- what will happen to Citadel now.
Just a little context -- first.
Citadel was warned by the NYSE that it faced delisting after its stock dropped to below the $1 per share threshold last Fall. The NYSE does not condone penny stocks&hellip
Recent Posts
- The Shutting Down of FM Stations
- Behind the Scenes of the Audacy Housecleaning
- And the New Audacy CEO Will Be …
- What’s Impacting Radio’s Digital Business
- A Hurdle Slowing Townsquare’s “Digital First”
- The $47 Million Radio CEO
- A Challenge to Saga’s Business Model
- What Audacy is Up to with Staffing
- A Closer Look at iHeart Spells Trouble
- Why Buffett is Selling Stocks but Buying SiriusXM