US: Rising costs prompt Vita delisting
Vita Food Products is to pull its shares from the American Stock Exchange in a bid to trim costs from the business.
The Chicago speciality and seafood firm, in which fewer than 300 people hold shares, plans to delist from the Amex later this month.
President and CEO Cliff Bolen said the costs of being a public company had risen "significantly". He said: "Our board has determined that the rising costs of compliance, as well as the substantial demands on management time and resources compelled by the compliance requirements, outweigh the benefits the Company receives from maintaining its registered and listed status."
Vita Food Products, the US fish-to-honey producer, has seen first-quarter profits slump by a quarter....
Vita Food Products has extended the termination date and various loan terms of its pre-existing loan with LaSalle Bank National Association....
Vita Food Products swung to a profit in 2007 despite a dip in sales, the US speciality and seafood food has said....
UK dairy co-operatives First Milk and Milk Link have abandoned a plan to merge....
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