THQ hopes to merge stock to avoid NASDAQ delisting

Monday, 28 May 2012 03:54 GMT By Brenna Hillier

THQ has announced plans to reverse split its stock in an attempt to fend off NASDAQ delisting. The battling publisher was given 180 days to bring its shares above $1 each after bottoming out in January; the deadline is July 23 and THQ is trading at around 60 cents. THQ will ask shareholders to approve the decision at a meeting on June 29.

Thanks, GamesIndustry.