The clock is ticking to avoid delisting on NYSE
By: Dave Rauf
“The Company intends to develop and submit this business plan within the required timeframe, and to identify measures that are in the best interests of the Company and its stockholders.” - Tupperware
Tupperware is at risk of getting delisted by the New York Stock Exchange (NYSE) for noncompliance, following the direct-selling giant disclosing in April that it might go bankrupt.
The latest in a growing list of issues for the maker of food storage containers and kitchen goods is the result of its average global market capitalization being less than $50 million over a 30-trading-day period. Also, its stockholders’ equity was less than $50 million when last reported, according to a regulatory filing.
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