ANSONIA, Conn. (Dec. 30)—Rubber mixer maker Farrel Corp. has asked the U.S. Securities and Exchange Commission to deregister its stock, citing the low number of shareholders, lack of trading activity and coverage, and the rising costs of being a publicly traded company. In a statement, the company said it likely would incur $300,000 in added costs this year to maintain its publicly traded status, costs the firm said are "impossible to justify" for a company of Farrel´s size. Deregistering would become effective in 90 days; after that time, Farrel said its stock would continue to trade through Pink Sheets, an electronic quotation service for over-the-counter securities.
Farrel asks for stock to be deregistered
Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].