|Bid||2.6100 x 1000|
|Ask||2.5000 x 900|
|Day's Range||2.9000 - 3.2500|
|52 Week Range||0.1400 - 13.8100|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||68.00|
MORRISVILLE, N.C., July 22, 2020 /CNW/ -- Pyxus International, Inc. ("Pyxus" or "the Company") (OTC Pink: PYXSQ), a global value-added agricultural company, announced today that on July 20, 2020, the Prepackaged Plan of Reorganization of Pyxus International, Inc. and its Affiliated Debtors (the "Prepackaged Plan") was overwhelmingly approved by each class of creditors entitled to vote.
Pyxus International, Inc. ("Pyxus" or the "Company") (NYSE: PYX; OTC Pink: PYXSQ), a global value-added agricultural company, today announced that it has received notification from the New York Stock Exchange (the "NYSE") that the Company's common stock has been suspended from trading on the NYSE and that the NYSE has determined to commence proceedings to delist the Company's common stock. The NYSE determined that the Company was no longer suitable for listing under Section 802.01D of the NYSE Listed Company Manual after the Company's June 15, 2020 disclosure that it and certain of its domestic wholly owned subsidiaries filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code (the "Chapter 11 Cases") in the U.S. Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). The Company does not intend to appeal the NYSE's determination and, therefore, it is expected that its common stock will be delisted by the NYSE.
Pyxus is deploying a prepackaged option to slash $400 million in debt and give control of the company to junior bondholders.