NYSE To Begin Delisting Proceedings Against Cazoo Group
Portfolio Pulse from Benzinga Newsdesk
The NYSE has initiated delisting proceedings against Cazoo Group, resulting in the immediate suspension of trading for the company's Class A ordinary shares.
May 21, 2024 | 8:16 pm
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The NYSE has started delisting proceedings against Cazoo Group, leading to the immediate suspension of trading for its Class A ordinary shares.
The delisting and immediate suspension of trading for Cazoo Group's Class A ordinary shares is a significant negative event, likely to result in a sharp decline in the stock price due to loss of investor confidence and reduced liquidity.
CONFIDENCE 100
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RELEVANCE 100