YRC Worldwide Inc. is holding out the possibility that it may seek an extension to an Aug. 30 deadline to enact a reverse stock split and boost its share price above $1 or face Nasdaq delisting.Executives of the struggling trucking company, which last traded above $1 a share on Jan. 15, said through a spokeswoman Wednesday that they remain intent on avoiding delisting by enacting a reverse split.
But they also said the precise date of the move "will take into account the timing of any appeals," meaning it might not happen by the Monday deadline if YRC seeks an extension. Full Story.....
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