SunEdison stock to be officially delisted by NYSE on May 17
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[NEW YORK] SunEdison Inc will be officially delisted from the New York Stock Exchange on May 17, about a month after the clean-energy giant filed for bankruptcy protection and prompted the exchange to suspend trading.
The New York Stock Exchange has notified the US Securities and Exchange Commission that it plans to remove SunEdison's common stock, according to a company filing Friday.
The shares have continued to trade following the April 21 bankruptcy, though they're doing so via over-the-counter trading - a less prestigious corner of Wall Street - not at the NYSE.
SunEdison's shares were suspended in April after it sought protection from creditors. It has been notified its stock "is no longer suitable for continued listing and trading on the exchange," according to the filing.
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