MRC Global NYSE Form 25 signals Section 12(b) delisting
Rhea-AI Filing Summary
MRC Global Inc. announced a NYSE Form 25 filing indicating removal of its common stock from listing and/or registration under Section 12(b) of the Exchange Act.
The notice states that the New York Stock Exchange LLC has complied with its rules under 17 CFR 240.12d2-2(b), and that the issuer has complied with the Exchange’s rules and 17 CFR 240.12d2-2(c) governing voluntary withdrawal. This filing formally initiates the delisting and/or deregistration process for the company’s NYSE-listed common shares.
Positive
- None.
Negative
- NYSE removal of MRC Global’s common stock from listing and/or registration under Section 12(b)
Insights
Form 25 signals NYSE delisting/deregistration of MRC’s common stock.
MRC Global is the subject of a NYSE Form 25, which serves as the official notice to remove the company’s common stock from listing and/or registration under Section 12(b). The language cites 17 CFR 240.12d2-2(b) and (c), covering exchange-initiated removal and issuer voluntary withdrawal procedures.
This step typically precedes the end of exchange trading and transition to alternative venues, though the excerpt does not specify timing or follow-on arrangements. Actual market impact depends on the effectiveness of the Form 25 and any subsequent disclosures by the company or the exchange.
FAQ
What did MRC (MRC Global Inc.) file with the NYSE?
Which security for MRC is affected?
Which rules are cited in the Form 25 for MRC?
Who submitted the notification for MRC’s delisting?
What does Section 12(b) removal mean for MRC?