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THQ delisted from NASDAQ

Wednesday, 2nd January 2013 18:22 GMT By Stephany Nunneley

THQ was delisted from NASDAQ over Christmas, and until the firm’s bankruptcy is settled, it will remain listed only on the Over-the-Counter Market. The game publisher is currently trading under THQIQ at $.22 per share, so if you wish to purchase stock in the firm, you will have to do it electronically or over the telephone instead of through the stock exchange floor. The firm announced it had filed Chapter 11 back in December 2012 and sold “substantially all of the assets” to a “stalking horse bidder” Clearlake Capital Group. Other interested parties will be able to offer competing bids. Thanks, Gamasutra.

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  1. DSB

    Standard operating procedure for Chapter 11 by the bye.

    You don’t really sell to a stalking horse bidder either. You enter an agreement where you will sell within a short amount of time, barring a better offer. It allows THQ to set a price and a date so they avoid people holding their bids, in order to scavenge the corpse of the company after the fact.

    #1 1 year ago
  2. NeoSquall

    *is settled

    ‘Tis a sad moment for the company, but I hope this new Clearlake Capital Group will help put it back on its feet, starting by firing all older board members, this way saving the actual President Jason Rubin.

    #2 1 year ago