Thursday, March 15, 2012

Fannie Mae meets price listing standard

Fannie Mae, the government-backed mortgage company, said Friday it regained compliance with the New York Stock Exchange's minimum price standard for listing common stock.

Fannie Mae was notified on Nov. 12, 2008 that it failed to satisfy one of the exchange's standards because the average closing price of its stock for the 30 previous trading days was less than $1 a share.

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