Playboy Enterprises has withdrawn its stock listing from NYSE Arca Inc., formerly the Pacific Stock Exchange.
The company said in a statement that it has decided to withdraw its listing in order to streamline its operations and eliminate redundant administrative requirements associated with dual listings that came after the NYSE Group’s recent merger with Archipelago Holdings which had owned NYSE Arca. The withdrawal is scheduled for next month.
Playboy said it does not believe that withdrawing its listing will have an impact on its stock’s liquidity.
The company’s stock was trading this morning at $12.25, with a 52-week high of $15.88 reached on Nov. 18, 2005, and a 52-week low of $8.90 reached on June 14.
NYSE Arca said it will continue to trade the stock on an unlisted trading privilege basis.
