Dana Holding Corporation Achieves Full Compliance with NYSE Listing Standards
October 08 2009 - 4:30PM
PR Newswire (US)
MAUMEE, Ohio, Oct. 8 /PRNewswire-FirstCall/ -- Dana Holding
Corporation (NYSE:DAN) announced today that it has received notice
from the New York Stock Exchange (NYSE) informing the company that
it has achieved full compliance with all NYSE quantitative listing
standards. (Logo:
http://www.newscom.com/cgi-bin/prnh/19990903/DANA) In December
2008, Dana received a letter of non-compliance from the NYSE
notifying the company that it had fallen below both the minimum
share price and market capitalization requirements for continued
listing on the exchange. On May 29, 2009, Dana satisfied the
minimum share price requirement of maintaining a 30-day average
share price of greater than $1.00 and had a closing price of at
least $1.00 on that date, which was the last trading day of the
calendar month. Compliance for the market capitalization standard,
and restoration of full compliance with NYSE listing standards,
required that Dana maintain an average market capitalization of
greater than $100 million for two consecutive quarterly review
periods. The company has exceeded this requirement since May 2009.
The company recently completed a successful public offering of
common stock that raised approximately $250 million. About Dana
Holding Corporation Dana is a world leader in the supply of axles;
driveshafts; and structural, sealing, and thermal-management
products; as well as genuine service parts. The company's customer
base includes virtually every major vehicle manufacturer in the
global automotive, commercial vehicle, and off-highway markets.
Based in Maumee, Ohio, the company employs approximately 22,500
people in 26 countries and reported 2008 sales of $8.1 billion. For
more information, please visit: http://www.dana.com/.
http://www.newscom.com/cgi-bin/prnh/19990903/DANADATASOURCE: Dana
Holding Corporation CONTACT: Media, Chuck Hartlage,
+1-419-887-5123, Investors, Lillian Etzkorn, +1-419-887-5160 Web
Site: http://www.dana.com/
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