The New York Stock Exchange suspended trading of U.S. coal miner Cloud Peak Energy Inc. and said the company is no longer suitable for a listing based on “abnormally low” price levels.
The exchange said in a statement that it will apply to federal regulators to delist the stock after following the proper procedures, including considering any appeal by Cloud Peak of its decision.
Cloud Peak’s bonds will be removed from the NYSE list of traded bonds after the delisting.
Key Insights
For years, Cloud Peak anchored its operations on Wyoming and Montana strip mines on a bet that coal ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.