Printer Friendly

NASDAQ to De-List Best Products Stock.

RICHMOND, Va.--(BUSINESS WIRE)--Nov. 27, 1996--Best Products Co., Inc. (NASDAQ:BESTQ) today said that The Nasdaq Stock Market has said it will de-list Best Products' stock effective with the opening of business, Friday, Nov. 29, 1996. The action comes as a result of the facts and circumstances of the company's bankruptcy proceeding.

Best Products said it will not appeal Nasdaq's decision.

Best Products, which commenced a Chapter 11 case under the U.S. Bankruptcy Code September 24, sold substantially all its store-related assets to an investment group November 19. Going-out-of-business sales are underway at the company's 169 stores and 11 Best Jewelry stores. Eighty-one stores are expected to close by the end of the year; the remainder will close during February.

CONTACT: Best Products Co., Inc., Richmond

Nora Crouch, 804/261-2179 (Financial Information) or

Ross Richardson, 804/261-2157 (Media)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 27, 1996
Previous Article:SELECT Software Tools announces SELECT Component Manager to support Microsoft's Component Information Model.
Next Article:AT&T to increase certain long distance rates; Impact is 60 cents a month for typical consumer.

Related Articles
Trikon Technologies Commences Trading on the OTC Bulletin Board.
Halsey Drug Co., Inc. Announces Amex Review of Continued Listing.
Biora to Delist From Nasdaq On January 31 and Commence Trading On The OTC Market.
Perle Systems Limited Announces Receipt of Nasdaq Panel Determination.
ICOS Vision Systems Announces De-listing from Nasdaq Europe.
Wave Notified of Non-Compliance With Nasdaq Minimum Bid Rule; Wave has until April 24, 2006 (180 days) to Regain Compliance.
Aphton Announces Receipt of Delist Determination From NASDAQ Panel; Aphton Requests Reconsideration.
netGuru Inc. Considers Delisting and Terminating SEC Reporting Obligations; Board of Directors Continues Evaluating Sale, Merger Opportunities.
ICOS Vision Systems Announces Decision to Voluntarily Delist Its Common Shares from the NASDAQ Global Market and Terminate Its U.S. SEC Registration...

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters