Nortel's Delisting Date

8:30 AM -- Last Friday, Nortel Networks Ltd. asked for its stock to be delisted by the Toronto Stock Exchange (TSX). Nortel will get its wish.

The TSX announced yesterday that Nortel will be delisted Friday after the markets close. Nortel's preferred stock, trading under the symbols NTL.PR.F and NTL.PR.G, will also be delisted.

Trading in the shares will remain frozen. Final price: 18.5 cents Canadian (US$0.16).

— Craig Matsumoto, West Coast Editor, Light Reading

krbabu 12/5/2012 | 4:02:02 PM
re: Nortel's Delisting Date

It is sad to note that a company that was once among the high-fliers is going to be gone. It is a stern reminder that, if a company is not managed well, this sort of fate awaits it. 

I hope someone will be able to chronicle Nortel's downfall so that this sort of mismanagement won't occur again.

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