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NASDAQ proposes to extend minimum bid price rule compliance periods; Measures provide option to companies meeting heightened financial requirements.

Publication: M2 Presswire
Publication Date: 31-JAN-03
Format: Online - approximately 610 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 January 2003-NASDAQ: NASDAQ proposes to extend minimum bid price rule compliance periods; Measures provide option to companies meeting heightened financial requirements(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:01302003

New York -- The NASDAQ Stock Market, Inc. (NASDAQ) announced plans to extend a pilot program governing bid price rules for all NASDAQ National Market and NASDAQ Small Cap issuers. The proposal will allow issuers that meet heightened financial requirements to benefit from extended compliance periods for satisfying minimum bid price requirements.

"Extending the pilot program is a prudent and appropriate response to...

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