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Non-Tech : Marvel Entertainment (MRV) - Turnaround in Sight! -- Ignore unavailable to you. Want to Upgrade?

To: Barney Dunn who wrote (233)	4/17/1998 12:05:00 PM
From: Martin Wormser	Read Replies (1) \| Respond to of 251

Friday April 17, 11:01 am Eastern Time NYSE suspends and applies to delist Marvel NEW YORK, April 17 (Reuters) - The New York Stock Exchange said Friday it suspended trading in Marvel Entertainment Group Inc's common stock, effective immediately. The NYSE also said in a press release it will apply with the U.S. Securities and Exchange Commission to delist Marvel's stock. The NYSE said Marvel's net tangible assets of less than $12 million available to common stock and its average net income of less than $600,000 for the last three years falls below the NYSE's criteria for continued listing. On December 27, 1996, Marvel filed a voluntary petition for chapter 11 bankruptcy protection.