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YRCW to Appeal Delisting from NASDAQ
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 The company reported Tuesday that it faces delisting from the American stock exchange, NASDAQ (National Association of Securities Dealers) as its shares continue to trade below the required $1. From The Wall Street Journal –
The U.S. trucking group faces an appeal hearing on Oct. 7 and continues to evaluate the timing and size of a reverse stock split to push its share price above $1, in accordance with exchange rules.
The company's liquidity problems have seen its shares trade below the $1 required for listing since Jan. 15, falling as low as 10 cents and closing Tuesday at 27 cents. YRC Worldwide said the delisting is stayed until the Nasdaq appeals panel makes its decision, expected 30 to 45 days after the Oct. 7 meeting.
The company previously has said the planned reverse split will range from 1:25 to 1:5.
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