THQ Stock Delisted from NASDAQ, Double Fine Looks into Assets

THQ stock no longer trading.

Posted By | On 14th, Jan. 2013 Under News


THQ-LOGO
THQ is finally off the stock exchange, and its stocks will be officially removed from trading on January 22nd, the same day its assets are up for auction.

According to a listing VG247 obtained, “Based on review of information provided by the company, Nasdaq Staff determined that the company no longer qualified for listing on the Exchange pursuant to Listing Rules 5101, 5110(b), and IM-5101-1.

“The company was notified of the Staffs determination on December 19. The Company did not appeal the Staff determination to the Hearings Panel, and the Staff determination to delist the Company became final on December 28.”

Also, it seems that Double Fine Productions has taken an interest in THQ according to Distress Debt Investing, though it could just be an attempt to buy back Costume Quest and Stacking, both titles published by THQ in the past.

The auction happens next week. Any major predictions over who will be in control of THQ’s properties going forward?

Source: GIBiz


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