NYSE to suspend trading in Sanchez Energy, commence delisting proceedings
The New York Stock Exchange announced that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Sanchez Energy -- ticker symbol SN -- from the NYSE. Trading in the company's common stock on the NYSE will be suspended immediately. The staff had previously notified the company that it had fallen below continued listing standards. Subsequently, the company informed the NYSE that it did not intend to submit a business plan demonstrating its ability to return to compliance with continued listing standards within 18 months of notice from the Exchange. Consequently, the Exchange suspended trading in the common stock and commenced delisting proceedings, NYSE stated.