ArvinMeritor Regains Compliance With NYSE's Continued Listing Standards
2009年6月4日 - 1:00AM
PRニュース・ワイアー (英語)
TROY, Mich., June 3 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc.
(NYSE: ARM) today announced that on June 1, 2009, the company was
notified by the New York Stock Exchange, Inc. ("NYSE") that, based
upon modified listing standards adopted by the NYSE, it has
regained compliance with the NYSE's continued listing standards. As
previously disclosed, the company was notified by the NYSE in March
2009 that it had fallen below the continued listing standard
requiring the average market capitalization of a listed company to
be not less than $75 million over a consecutive 30 trading-day
period when, at the same time, total stockholders' equity is less
than $75 million. The NYSE's continued listing standard, as
modified under a pilot program effective through Oct. 31, 2009,
lowered the required threshold from $75 million to $50 million.
Accordingly, the company is currently in compliance with the NYSE's
continued listing requirement that pertains to market
capitalization and stockholders' equity. The NYSE has stated that
it anticipates a subsequent rule filing prior to Oct. 31, 2009 to
make this change a permanent continued listing standard. About
ArvinMeritor ArvinMeritor, Inc. is a premier global supplier of a
broad range of integrated systems, modules and components to the
motor vehicle industry. The company marks its centennial
anniversary in 2009, celebrating a long history of 'forward
thinking.' The company serves commercial truck, trailer and
specialty original equipment manufacturers and certain
aftermarkets, and light vehicle manufacturers. ArvinMeritor common
stock is traded on the New York Stock Exchange under the ticker
symbol ARM. For more information, visit the company's Web site at:
http://www.arvinmeritor.com/. Forward-Looking Statements This press
release contains statements that are "forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are typically identified by words or
phrases such as "believe," "expect," "anticipate," "estimate,"
"should," "are likely to be," "will" and similar expressions. There
are risks and uncertainties relating to whether the NYSE will adopt
the revised continued listing standards on a permanent basis and
whether the company will continue to be compliant with all NYSE
continued listing standards. In addition, actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including but not limited to global economic and
market cycles and conditions, including the recent global economic
crisis; whether our liquidity will continue to be affected by
declining vehicle production volumes in the future; the financial
condition of the company's suppliers and customers, including
bankruptcies and potential bankruptcies; possible adverse effects
of any future suspension of normal trade credit terms by our
suppliers; the ability of the company to continue to comply with
covenants in its financing agreements; the ability of the company
to access capital markets; credit ratings of the company's debt;
the demand for commercial, specialty and light vehicles for which
the company supplies products; timing and certainty as to
completion and terms of any dispositions of the Body Systems and
Chassis businesses of ArvinMeritor's LVS business; risks inherent
in operating abroad (including foreign currency exchange rates and
potential disruption of production and supply due to terrorist
attacks or acts of aggression); availability and sharply rising
cost of raw materials, including steel and oil; OEM program delays;
demand for and market acceptance of new and existing products;
successful development of new products; reliance on major OEM
customers; labor relations of the company, its suppliers and
customers, including potential disruptions in supply of parts to
our facilities or demand for our products due to work stoppages;
potential difficulties competing with companies that have avoided
their existing contracts in bankruptcy and reorganization
proceedings; successful integration of acquired or merged
businesses; the ability to achieve the expected annual savings and
synergies from past and future business combinations and the
ability to achieve the expected benefits of restructuring actions;
success and timing of potential divestitures; potential impairment
of long-lived assets, including goodwill; potential adjustment of
the value of deferred tax assets; competitive product and pricing
pressures; the amount of the company's debt; the outcome of
existing and any future legal proceedings, including any litigation
with respect to environmental or asbestos-related matters; the
outcome of actual and potential product liability and warranty and
recall claims; rising costs of pension and other post-retirement
benefits and possible changes in pension and other accounting
rules; as well as other risks and uncertainties, including but not
limited to those detailed from time to time in filings of the
company with the SEC. These forward-looking statements are made
only as of the date hereof, and the company undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or otherwise,
except as otherwise required by law. (Logo:
http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO )
http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGODATASOURCE:
ArvinMeritor, Inc. CONTACT: Media Inquiries, Lin Cummins,
+1-248-435-7112, ; or Investor Inquiries, Terry Huch,
+1-248-435-9426, Web Site: http://www.arvinmeritor.com/
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