After searching all day yesterday under every rock I could find for an answer to the puzzle and coming up empty, I concluded that this mystery could only be the work of Sherlock Holmes's evil and brilliant nemesis Professor Moriarty. And fitting to the good professor's habit of only leaving the most meager of clues, the following is all I could find to date:
- TORONTO, July 31 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes: The ADR shares of Anglo American PLC (NASDAQ:AAUK) will move to trade OTC after the close on Friday, July 31, 2009. The company will be removed from the S&P/TSX Global Mining and Global Base Metals Indices after the close on Friday, July 31, 2009.
- jd said "...I emailed investor relations today and asked why...they said they de-listed from "nasdaq per their change in listing requirements that came into effect close of play 31st July 2009". does anyone know what this is a reference to?"
Not much but that's all there is and the Anglo American web site still has nothing. If I find more I will share it.
Anglo American shares closed down 36 cents to $16.48.
UPDATE 6:50 PM EDT -- no news -- time to move on. Since the stock is down when the market is up, I wonder if the fact that the stock does not trade on a major exchange has any impact?
UPDATE: 8:30 PM EDT -- I sent inquiries to investor relations and media relations.
Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. He writes the columns Chasing Value and Serious Money. Disclosure: I own shares of AAUK.