Standard Register Files for Bankruptcy
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“In response to the traditional print market decline, Standard Register repositioned itself as a market focused integrated communications provider where today, the majority of both revenue and profit are being derived.”
The New York Stock Exchange suspended the company last week after it fell below the requirement that a company must maintain an average global market capitalization of at least $15 million over a consecutive 30 trading day period. Standard Register announced it would not appeal and its common shares would be available over the OTC Pink marketplace under SRCT.
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