NYSE Tells Omnova Stock Price Is Too Low
Fairlawn, OH, Dec. 2, 2008--Omnova Solutions said that as a result of the recent volatility in its stock, the company was notified Nov. 28 by the New York Stock Exchange that its share price is too low.
Omnova said it intends to notify the NYSE within 10 business days of its intent to cure the deficiency within the six month cure period provided by NYSE rules, or by May 25. OMNOVA's common stock will continue to be listed on the NYSE, subject to the company's compliance with other NYSE continued listing requirements.
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