TOLEDO, Ohio (Dec. 22, 2008)-Dana Holding Corp. has fallen below its continued listing standards, according to the New York Stock Exchange.
The company has six months to return to the required average share price and 45 days to submit a plan demonstrating its ability to comply with the market capitalization standard.
The NYSE requires that during a consecutive 30-day trading period the average closing price of Dana's common stock must be a minimum of $1 per share and its market capitalization must equal or exceed $100 million.
Dana's common stock will continue to be listed on the exchange during this time and is subject to ongoing monitoring and the company's compliance with other continued listing requirements.