Allied Holdings keeps NYSE name

Car hauling specialist Allied Holdings Inc. will remain listed on the New York Stock Exchange (NYSE), despite falling below the exchange’s listing standards. Allied will remain listed with NYSE, subject to quarterly monitoring by NYSE. Allied had been advised by NYSE that it had fallen below NYSE continued listing standards, falling under $50-million in total market capitalization. Allied, however,

Car hauling specialist Allied Holdings Inc. will remain listed on the New York Stock Exchange (NYSE), despite falling below the exchange’s listing standards.

Allied will remain listed with NYSE, subject to quarterly monitoring by NYSE. Allied had been advised by NYSE that it had fallen below NYSE continued listing standards, falling under $50-million in total market capitalization.

Allied, however, worked out a deal where it will remain listed as long as it gets over the $50-million mark by November 29, 2002.

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