Ditech Faces NYSE Delisting as it Continues to Explore a Sale

National Mortgage News, Nov. 7, 2018–Bonnie Sinnock (subscription)
“The company has fallen below the New York Stock Exchange’s continued listing standard that requires listed companies to maintain an average global market capitalization over a consecutive 30-trading-day period of at least $15 million,” Ditech said in a press release. “The company will continue to file periodic and certain other reports with the Securities and Exchange Commission under applicable federal securities laws. The suspension and commencement of delisting proceedings do not affect the company’s business operations.”