Washington Key individual bankruptcy settlement to just take mall proprietor private

Washington Key Team, the Columbus-centered operator of Polaris Manner Place and about 100 other procuring facilities, is preparing to arise from bankruptcy as a non-public firm. 

The business announced Tuesday that it will inform the New York Inventory Trade on Sept. 20 that it designs to delist its shares. The firm expects that its shares will halt investing on Sept. 29.

The shift follows U.S. Personal bankruptcy Decide Marvin Isgur’s approval on Friday of Washington Prime’s program to emerge from individual bankruptcy.

“Due to the fact the company’s typical stock and chosen stock will no more time be publicly held on its expected emergence from its earlier announced Chapter 11 proceedings, the enterprise thinks that the expenditures and costs involved with the ongoing listing of the typical inventory and most popular equity, and the corresponding governance and filing prerequisites, are not economically justified,” the firm announced Tuesday morning.

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