NYSE Suspends Getty Images Shares Due to Low Price

Dow Jones09-30

The New York Stock Exchange suspended Getty Images Holdings shares and is seeking to delist the stock, due to "abnormally low selling price" levels.

According to FactSet, shares didn't trade on Tuesday, and closed Monday down 41% to 8 cents.

The company has a right to appeal.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

By Josh Beckerman

The New York Stock Exchange suspended Getty Images Holdings shares and is seeking to delist the stock, due to "abnormally low selling price" levels.

According to FactSet, shares didn't trade on Tuesday, and closed Monday down 41% to 8 cents.

The stock-photo company has a right to appeal.

On Aug. 31, Getty Images said it would delay Sept. 1 interest payments for senior unsecured notes but had sufficient cash for the payments and day-to-day obligations.

The company said it was using the 30-day grace periods for the payments to maximize financial flexibility in connection with its evaluation of financing alternatives and balance-sheet-management initiatives.

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