Comment on RadioShack gets delisting notice from NYSE. Within days of Circuit City getting this notice, its creditors forced it into bankru

RadioShack gets delisting notice from NYSE. Within days of Circuit City getting this notice, its creditors forced it into bankru

The NYSE has issued Radioshack with a delisting notice. RadioShack reported the notice late Friday, but they likely received it days earlier. Circuit City announced their delisting notice on October 31, 2008. (They received it on the 25th.) They filed for Chapter 11 bankruptcy 10 days later, immediately started closing and liquidating 155 stores to pay its creditors, and liquidated the remaining stores shortly after the holidays.

 

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