Publisher removed from stock market as expected after filing for bankruptcy
NASDAQ has pulled THQ from the market floor following the publisher's filing for chapter 11 bankruptcy.
The company had faced delisting earlier last year but avoided it by reducing the number of shares on the market, thus raising its value per share.
After the bankruptcy filing, the company ticker was changed from THQI to THQIQ, and is now available for trade only by phone or direct electronic connection.
Once the court approves the bankruptcy filing, THQ will be privately held and no longer available for trades of any sort.