Bon-Ton will keep its Nasdaq listing
The Bon-Ton Stores Inc. will keep its listing on the Nasdaq after the stock exchange withdrew its deficiency notice Friday, according to a company news release.
Nasdaq had notified the major retailer, with corporate headquarters in York and Milwaukee, of a potential delisting related to minimum market value of publicly held shares issued on March 9.
Bon-Ton's stock prices have been hovering below $1.20 per share since the beginning of March, according to Yahoo Finance.
After discussion with the company regarding publicly held shares outstanding, Nasdaq found that Bon-Ton met the minimum requirements to continue being listed, according to the release.