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Xerium to implement pre-packaged plan
31 Mar '10
4 min read
The Company expects that the NYSE will continue the listing of its common stock in light of the expected meaningful continuing equity value to be received by current common equity holders and the anticipated accelerated path to emergence facilitated by a pre-packaged Chapter 11 filing. However, the continued listing will be subject to ongoing reassessment by the staff of NYSE Regulation, Inc. based on current information and circumstances. Separately, the Company is operating under an NYSE-approved plan to address quantitative non-compliance with certain continued listing requirements. If the proposed restructuring is successfully completed, the Company expects that its quantitative non-compliance would also be addressed within the timeframes required under NYSE rules.
Xerium Technologies Inc
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