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
- A New Frontrunner to Buy Cumulus
- Why iHeart Hasn’t Collapsed (Yet)
- Who’s Winning – Nielsen or Cumulus?
- The Unbeatable 18-34 Station
- The Equal Time Trap
- Radio as a Playlist
- The Disappearing Market Manager
- The Sudden Pivot to “Content First”
- The Company Cleaning iHeart’s Clock
- The End of Consolidation