| http://www.nyse.com/press/1367227486737.html |
NEW YORK, April 29, 2013 – The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation, Inc. (“NYSE Regulation”) has determined to suspend trading in the common stock (the “Common Stock”, the “security”) of Dex One Corporation (the “Company”) ticker symbol – DEXO – and commence proceedings to delist the security after receiving formal notification of the Company’s intention to withdraw its request for an appeal as a result of its pending merger with SuperMedia Inc. (“SuperMedia”).
The review, which was previously announced on March 21, 2013, was scheduled to be held on June 27, 2013 before a Committee of the Board of Directors of NYSE Regulation (the “Committee”). Trading in the Company’s Common Stock will be suspended prior to the opening on Wednesday, May 1, 2013.
On March 18, 2013, the Company voluntarily filed for reorganization under Chapter 11 in the United States Bankruptcy Court for the District of Delaware (the “Court”). On April 29, 2013, the Court confirmed DEXO’s “pre-packaged” Plans of Reorganization (the “Pre-packaged Plans”) that included the proposed merger with SuperMedia. Accordingly, that merger is expected to be effectuated on Tuesday, April 30, 2013, at which time the Common Stock of DEXO will be suspended. Trading of the new entity, Dex Media, Inc., is expected to commence in another securities marketplace on May 1, 2013.
As previously announced on February 27, 2013, NYSE Regulation would move to suspend trading in the Common Stock of the Company at such time as:
i) the Company does not request a review by the Committee within 10 business days of this notice or the Company informs the NYSE in writing prior to the expiration of that period that it does not intend to appeal the delisting determination;ii) after reviewing the delisting determination, the Committee determines that the Company should be delisted;
iii) the Company is approved to commence trading in another securities marketplace; or
iv) there are other material developments that make a suspension of trading advisable.
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. The NYSE will apply to the Securities and Exchange Commission to delist the Common Stock upon completion of all applicable procedures.
Company contact:
Tyler Gronbach
Senior Vice President, Communications
Dex One Corporation
(919) 297.1541
Tyler Gronbach
Senior Vice President, Communications
Dex One Corporation
(919) 297.1541