Midway’s shares slump 12%

By Mike, Wednesday, 22 October 2008 09:58 GMT


Midway’s shares slumped 12% on the New York Stock Exchange yesterday, meaning the sare value hit a 52 week low of 79 cents per share, writes Edge.

Meanwhile, Forbes is reporting “that Sumner Redstone, the majority-owner of Midway Games’ parent company National Amusements, is said to be ‘wrapped up in talks with his creditors’.”

Oh dear.

More through the links.

By Mike Bowden

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Credit Crisis


New York Stock Exchange

  • Midway delisted from NYSE

    Midway has been delisted from the New York Stock Exchange, Edge reports. The company was warned in November that it may be delisted‭,‭ ‬as it had failed to maintain a minimum average closing price of‭ ‬$1‭ ‬per share over‭ ‬30‭ ‬consecutive trading days. Midway filed for Chapter 11 this month. Just depressing.

  • Midway stock falls 40% since sale

    Midway’s stock’s dropped 40 percent since Sumner Redstone dropped his 87 percent share in the firm for a song earlier this week. The publisher is now trading at 23 cents. Midway was served a delisting notice from the NYSE in late November, so we really could be seeing the end here. Watch and wince.