Eneti Inc On Dec 28 Co Notified NYSE Of Expected Completion Of Merger On Dec 29; Shares Of Eneti Common Stock Will No Longer Be Listed On NYSE
Portfolio Pulse from Benzinga Newsdesk
Eneti Inc notified the NYSE on December 28 that it expects to complete its merger on December 29, resulting in the delisting of its common stock from the NYSE.
December 29, 2023 | 1:16 pm
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NEGATIVE IMPACT
Eneti Inc's common stock will be delisted from the NYSE following the expected completion of its merger on December 29.
The delisting of Eneti Inc's stock from the NYSE due to the merger completion is a significant event that typically ends public trading of the company's shares. This can be negative for current shareholders who prefer the liquidity and regulatory environment of the NYSE. The impact is direct and the news is highly relevant to the company.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100