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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Clearlake Capital Group
THQ’s proposed sale to stalking horse Clearlake Capital Group has not gone down well with interested parties.
Majesco will attempt to save itself from being delisted from the Nasdaq stock market by seeking a reverse stock split.
Majesco Entertainment has been given a 180 day grace period to bring its share price up in order to avoid being delisted by Nasdaq. The grace period ends on February 24, 2014, so hopefully the firm can raise its share price to at least $1 for 10 days in order to remain listed. The firm […]
THQ Chapter 11
Warner Bros. Interactive has been cited as a possible buyer for THQ assets, according to a report coming out of the firm’s US Bankruptcy Court proceedings in Delaware on January 4.