The New York Stock Exchange announced today that trading in the common stock of W-H Energy Services Inc. – ticker symbol WHQ – was suspended. Following suspension, application will be made to the Securities and Exchange Commission to delist the issue.
The NYSE said it normally considers suspending the securities of a company when the number of outstanding shares is less than 600,000.
As a result of the completion by Smith International of the initial tender (that expired at 12 AM, New York time on August 18, 2008) in connection with its offer to purchase all of the outstanding common shares of W-H Energy, which it already did not own, fewer than 600,000 common shares are expected to remain publicly held.
The NYSE noted that it may, at any time, suspend a security if it believes that continued dealings in the security on the NYSE are not advisable. -- www.nyse.com
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