Troubled Retailer Reitmans To Be Delisted From Toronto Exchange

Reitmans (Canada) Ltd. expects to be delisted from the Toronto Stock Exchange on July 29.

• The apparel retailer, which filed for bankruptcy protection in May after the pandemic forced it to close all its stores, is working to transition to the junior TSX Venture Exchange, Reitmans said in a statement
• Trading in the company’s common and Class A non-voting shares was suspended after the issuance of the initial order under the bankruptcy proceeding
• “While the Company expects that its shares will transition from the TSX to the TSX-V, there is no guarantee that such transition will occur,” it said in ...