MAUMEE, Ohio (Oct. 13, 2009)—Dana Holding Corp. said the New York Stock Exchange has informed the firm that it is now in full compliance with all NYSE quantitative listing standards.
The auto parts supplier received notice in December 2008 that it had fallen below both the minimum share price and market capitalization requirements for continued listing on the exchange. But on May 29, Dana satisfied the minimum share requirement by maintaining a 30-day average share price of greater than $1.
And now Dana has satisfied the market capitalization standard, maintaining an average capitalization of more than $100 million for two consecutive quarterly reviews. The firm recently completed a successful public offering of common stock that raised about $250 million.