Tag Archives: U.S. Securities and Exchange Commission

Furniture Brands to Delist from NYSE

Furniture Brands

ST. LOUIS-Furniture Brands International said it will voluntarily delist its common stock from the New York Stock Exchange. In a company statement, Furniture Brands said it will transfer the quotation of its common stock to the OTCQB Marketplace, a market for the trading of over-the-counter stocks. This decision was driven by a number of factors,More »

J.C. Penney Adopts “Poison Pill” Stockholder Rights Plan

J.C. Penney

PLANO, Texas-The J.C. Penney board of directors has adopted a stockholder rights plan generally referred to by the investment community as a “poison pill.” According to a filing with the U.S. Securities and Exchange Commission, the plan restricts any person or group from acquiring 10 percent or more of the retailer’s outstanding common stock, andMore »