New York, November 19, 2012 -- The New York Stock Exchange announced that trading in the Common Stock of Dollar Thrifty Automotive Group, Inc. – ticker symbol DTG – is suspended as of today, November 19, 2012, and that the Exchange intends to commence delisting proceedings.
New York Stock Exchange to Suspend Trading of the Common Stock of Dollar Thrifty Automotive Group, Inc. and commence delisting proceedings
The NYSE said it normally considers delisting the security of a company when the number of outstanding shares is less than 600,000. As a result of the completion of the Offer by HDTMS, Inc. an indirect wholly owned subsidiary of Hertz Global Holdings, Inc. to purchase all of the outstanding Common Stock of Dollar Thrifty Automotive Group, Inc. less than 600,000 Common Stock remain publicly held.
The NYSE noted that it may, at any time, suspend trading in a security and commence delisting proceedings if it believes that continued dealings in the security on the NYSE are not advisable.