07.07.2010 04:20 Uhr, Quelle: MacNN

Blockbuster delisting from NYSE under digital crush

Blockbuster has been dealt a major blow as it has been told it will likely be delisted from the New York Stock Exchange. The company had tried to keep its share price over the minimum $1 by combining its Class A and B shares through a reverse stock split but wasn't able to get enough votes. It had been warned of the problem in November but lost a vote at the meeting that was blamed on "low vote turnout."

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