Agere Systems’ stock falls below NYSE listing criteria

Nov. 5, 2002–Allentown, PA–Agere Systems has been advised by the New York Stock Exchange (NYSE) that it has fallen below the NYSE’s continued listing standard relating to minimum share price. The NYSE requires that a company’s average closing stock price be at least $1.00 over a period of 30 consecutive trading days.

The company is currently evaluating its alternatives with regard to complying with this standard. Under NYSE rules, a company typically has a period of six months to meet the continued listing standard.


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