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07-Jan-2010 2:02 AM

Mesa bankruptcy a long time coming - UPDATE: Mesa delisted

Analysis

Nasdaq Stock Market informed Mesa Air Group, a day into a Chapter 11 bankruptcy, it will delist the company and Mesa indicated in a statement it would take no further action. This is the second time the market has delisted Mesa, but Mesa appealed and ultimately regained its listing. Trading in the company's stock will cease at the opening of business on 14-Jan-2010.

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