Hornbeck Offshore to appeal delisting from New York Stock Exchange
NYSE said trading was suspended because Hornbeck did not maintain an average global market capitalisation of at least $15m over a consecutive 30-trading-day period, as required by NYSE continued listing standards
In October, Hornbeck chief executive Todd Hornbeck acknowledged that the firm’s third quarter results were ‘disappointing’ and that ‘market conditions for our vessels remained soft, principally in the US Gulf of Mexico’
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