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Bankruptcy in Motion: THQ Delisted from Nasdaq |
Listed in: News Tags: bankruptcy, financial news, NASDAQ, stock exchange, THQ
THQ has officially filed for bankruptcy and is looking for a potential buyer, but that doesn’t mean the markets around it stop moving. The company has officially been delisted from the NASDAQ stock exchange, and is now only being traded on the OTC (over-the-counter) marketplace.
It’s expected that delisting would follow the bankruptcy filing, and regular readers may remember that THQ narrowly missed a delisting earlier in the year. THQ stock can still be traded via OTC methods, but don’t expect to see any sort of huge surge to victory. More likely, THQ (and its assets) will whimper off into the dark and be purchased for pennies on the dollar by a private buyer.
The short version is: THQ as we’ve known it is pretty much gone. Whatever emerges from this process will be something entirely different, perhaps even helmed by one of the big two publishers.
What would you like to see happen with THQ?
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Comments
http://www.investopedia.com/ask/answers/190.asp#axzz2GqKGDcvx
They are filling chapter 11 meaning they aren't going out of business. They are simply getting their shit together. Think of it as them selling their business except they're doing it through the court system to protect everyone involved.
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