Grubb & Ellis Company Common Stock to Trade on OTC Markets Under Symbol "GRBE"
8:15 AM ET 1/6/12 | PR Newswire
Grubb & Ellis Company, a leading real estate services and investment firm, today announced that its common stock will begin trading under the symbol "GRBE" on the OTCQB marketplace, operated by OTC Markets Group, on Friday, Jan. 6, 2012. More information, including Real-Time Level 2 quotes, is available at otcmarkets.com.
As previously announced, the New York Stock Exchange has advised Grubb & Ellis that its common stock traded under the symbol GBE will be suspended from trading on the NYSE prior to the opening of the market on Friday, Jan. 6, 2012, because the company had fallen below the NYSE's continued listing standards. Grubb & Ellis plans to appeal this decision.
The transition of the company's common stock to the OTCQB does not affect shareholders' ability to trade the company's common stock on the OTCQB. Any holders of Grubb & Ellis stock should contact their brokers or other investment advisors regarding trading in this stock.
About Grubb & Ellis Company
Grubb & Ellis Company is one of the largest and most respected commercial real estate services and investment companies in the world. Our 5,200 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment management business, the company is a leading sponsor of real estate investment programs. For more information, visit www.grubb-ellis.com.
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