The New York Stock Exchange suspended trading in the shares of New Jersey’s troubled Highlands Insurance Group Inc., and has filed an application with the Securities and Exchange Commission to eventually delist its common stock, as the value of its shares has fallen below the NYSE’s minimum requirements.
Shares fell to around 17 cents following the announcement that Highlands planned to cease accepting new or renewal business, and was looking for alternatives, including finding buyers for its present books. (See IJ Website,
Dec. 10)
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