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NYSE to Delist the Common Stock of Horizon Lines, Inc. and File Form 25 with Securities and Exchange Commission
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NEW YORK, March 1, 2012 – The New York Stock Exchange (“NYSE”) announced today the final determination to remove the common stock of Horizon Lines, Inc. (ticker symbol HRZ) from listing on the NYSE and that it will file with the Securities and Exchange Commission (the “Commission”) a Form 25 Delisting Application to remove the common stock from listing on the NYSE.
The NYSE originally announced on October 13, 2011 its staff determination to delist the common stock and trading was suspended on the NYSE on October 20, 2011. As permitted under the rules of the NYSE, Horizon Lines, Inc. appealed this decision to a Committee of the Board of Directors of NYSE Regulation, Inc. (the “Committee”). The appeal was conducted on February 6, 2012 and NYSE Regulation, Inc.’s staff delisting determination was upheld by the Committee on February 29, 2012.
The delisting will become effective ten days after the Form 25 is filed unless postponed by the Commission.
See Section 802.00 of the NYSE Listed Company Manual for continued listing criteria and procedure for delisting
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