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The company's shares have since been delisted and the merger was declared unconditional in April.
The delisted company has defaulted on its pricey bonds and filed for protection under Chapter 11, becoming one of the largest high-tech bankruptcies ever.
I also counsel clients with respect to securities regulatory issues, including listing and delisting on the Nasdaq Stock Market.
The driving factor for the split was actually the specter of being delisted .
A major shareholder had indicated he would not support the move, but subsequently sold his shareholding allowing the delisting to go ahead.
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