NYSE Moves to Delist Brazil’s Atento, Suspends Stock Trading

The New York Stock Exchange has begun proceedings to delist the ordinary shares of Atento SA, with trading being suspended immediately, according to a statement Friday.

• Shares of the Brazilian call center operator failed to maintain an average market value of at least $15 million over 30 consecutive trading days, according to statement
• Company has a right to a review of the decision; NYSE “will apply to the Securities and Exchange Commission to delist” after all procedures including any appeals are completed
• On July 11, Brazil’s Atento Debt Sinks Below 10 Cents as Investors Flee

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