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Wednesday, June 03, 2009 4:00:35 PM
Wednesday, June 03, 2009 12:00ET
TROY, Mich., June 3 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that on June 1, 2009, the company was notified by the New York Stock Exchange, Inc. ("NYSE") that, based upon modified listing standards adopted by the NYSE, it has regained compliance with the NYSE's continued listing standards.
As previously disclosed, the company was notified by the NYSE in March 2009 that it had fallen below the continued listing standard requiring the average market capitalization of a listed company to be not less than $75 million over a consecutive 30 trading-day period when, at the same time, total stockholders' equity is less than $75 million.
The NYSE's continued listing standard, as modified under a pilot program effective through Oct. 31, 2009, lowered the required threshold from $75 million to $50 million. Accordingly, the company is currently in compliance with the NYSE's continued listing requirement that pertains to market capitalization and stockholders' equity. The NYSE has stated that it anticipates a subsequent rule filing prior to Oct. 31, 2009 to make this change a permanent continued listing standard.
...8-K ~ http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6362367
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