ARLINGTON, Va. (AP) - Katy Industries Inc., a maker of cleaning supplies and electric cord products such as surge protectors, said Monday the New York Stock Exchange will suspend trading of its shares on April 13.
The company said the exchange notified it that it did not comply with its continuing listing standards in November 2005. Katy said it does not meet the required market capitalization level of $75 million over a consecutive 30-day trading period or a required total stockholders' equity of at least $75 million.
Katy said its stock will trade on the over-the-counter Bulletin Board once its application is approved.
Katy shares fell 3 cents to close at $1.97 on the New York Stock Exchange. The stock has traded between $1.85 and $3.61 over the past 52 weeks.
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