PRESS RELEASE
Asyst Technologies Receives Delisting Notice from NASDAQ
Last update: 4:45 p.m. EDT April 24, 2009
FREMONT, Calif., Apr 24, 2009 (BUSINESS WIRE) -- Asyst Technologies, Inc. (ASYT:
Asyst Technologies Inc
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Last: 0.11+0.00+3.77%
4:00pm 04/24/2009
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ASYT 0.11, +0.00, +3.8%) , a leading provider of integrated automation solutions that enhance semiconductor and flat panel display manufacturing productivity, announced that it has received a staff determination letter from the NASDAQ Stock Market stating that the company's common stock is subject to delisting from the NASDAQ Global Market in accordance with Nasdaq Marketplace Rules 5100, 5110(b), and IM-5100-1. The letter was issued as a result of the company's previously announced filing for relief under chapter 11 of the U.S. Bankruptcy Code on April 20, 2009.
The company said it does not intend to request a hearing before the NASDAQ Listing Qualifications Panel to appeal the decision. The letter set forth the NASDAQ staff's determination to delist the Company's common shares, suspend trading in the company's common stock at the opening of business on April 30, 2009, and file a Form 25-NSE with the Securities and Exchange Commission removing the company's common stock from listing and registration on The Nasdaq Stock Market.
