NYSE Asks for Interpool Delisting
Container leasing company Interpool Inc., has told the New York Stock Exchange that it needs more time to complete financial restatements and file its 2002 annual report, prompting the exchange to ask for its delisting by the Securities and Exchange Commission.
Now suspended, Interpool's stock closed at $19.26 per share last Friday.
Interpool's annual report has been delayed since March 2003, and in October it said the U.S. Securities and Exchange Commission had opened an informal investigation into accounting problems that required it to restate 2000 and 2001 results.