Business News
R.H. Donnelley Stock to Trade Over the Counter
Friday 02. January 2009 - R.H. Donnelley Corporation, one of the nation's leading Yellow Pages and online local commercial search companies, announced today that The New York Stock Exchange (NYSE) has determined that the trading in the common stock of R.H. Donnelley should be suspended in view of the fact that the Company did not maintain a market capitalization of at least $25 million over a consecutive 30 trading day period as required by the continued listing standards.
As a result of the suspension of the NYSE listing, R.H. Donnelley expects its common stock to begin trading over-the-counter (OTC) on the Pink Sheets beginning on January 2, 2009 under the symbol RHDC. Pink Sheets provides the leading inter-dealer electronic quotation and trading system in the OTC securities market.
The Company’s operations remain healthy, and the NYSE listing suspension does not impair R.H. Donnelley’s ability to continue to operate on a business as usual basis as well as invest in new and enhanced online platforms and capabilities.