blastarr
Power Member
http://arstechnica.com/news.ars/post/20070914-sco-files-for-chapter-11.html
Finalmente, acabou o pesadelo.
Finalmente, acabou o pesadelo.
SCO Group Shares To Be Delisted From Nasdaq, Effective Sept. 27 [SCOX]
9/19/2007 6:18:21 PM SCO Group, Inc. (SCOX) on Wednesday revealed that it has received a notice from Nasdaq Stock Market indicating that its securities will be delisted from Nasdaq on September 27, pending an appeal.
The company received Nasdaq Staff Determination Letter on September 18, indicating that as a result of having filed for protection under Chapter 11 of the U.S. Bankruptcy Code, the Nasdaq Staff has determined, using its discretionary authority under Nasdaq Marketplace Rules 4300 and IM-4300, that the company's securities will be delisted from the Nasdaq Stock Market and that trading in the company's common stock will be suspended unless the company requests a hearing to review the determination. Pursuant to Nasdaq Marketplace Rule 4804(b), the company is making a public announcement disclosing receipt of the letter.
The suspension of the company's common stock is currently set to occur at the opening of the business on September 27, 2007. However, an appeal will stay the suspension of the trading of the company's securities pending a panel decision by a Nasdaq Listing Qualification Panel. The company intends to request a hearing to review the determination. There can be no assurance that the panel will grant the company's request for continued listing.
SCO has a buyer, pending bankruptcy approval.
Embattled SCO Group is offering the bankruptcy court a deal it could be hard to refuse. The company has received an offer of $36 million from JGD Management for its business and intellectual property. JGD Management, a current debtor of SCO, is an investing arm of York Capital Management, which owned more than 91,000 shares of SCO stock from March 2005 to September 2006.