Daily News Archive
Brought to you by Home Furnishings Business
FBI Back in Compliance for NYSE Listing
February 5,
2013 by in UnCategorized 
By Home Furnishings Business in Financial Reports on February 6, 2013
Furniture Brands International (NYSE: FBN) has regained compliance with the New York Stock Exchange's continued listing requirements.
For continued listing on the board, NYSE requires a minimum average closing price of $1 per share over a consecutive 30-trading-day period.
On December 21, 2012, Furniture Brands was notified by the NYSE that the average price of FBN common stock had traded below a consecutive 30-trading-day average of $1 per share. As a result, under the NYSE rules, Furniture Brands was required to bring its average closing price above $1 within the longer of six months from receipt of the NYSE's notification, or its next annual meeting of shareholders if a shareholders' action was proposed.
At the close of trading on Feb. 4, Furniture Brands closing share price was $1.40. The company will continue to monitor its ongoing compliance with the NYSEs continued listing standards.