Southcross Energy Partners, L.P. Receives NYSE Continued Listing Standard Letter
SOUTHCROSS ENERGY (SXE)
Last southcross energy earnings: 5/10 06:05 am
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US:NYSE Investor Relations:
investors.southcrossenergy.com
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Source: GlobeNewswire
DALLAS, Texas, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) was notified on August 27, 2018 by the New York Stock Exchange ("NYSE") that the Partnership does not presently satisfy the NYSE's continued listing standard requiring the average closing price of the Partnership's common units to be at least $1.00 per common unit over a period of 30 consecutive trading days. As of August 27, 2018, the average closing price of the Partnership's common units over the preceding 30 trading-day period was $0.88 per unit. In accordance with NYSE rules, the Partnership intends to notify the NYSE within 10 business days of receipt of the notification that the Partnership intends to cure the deficiency. The Partnership has a period of six months from the date of the notification to regain compliance with the minimum unit price criteria. The Partnership is considering all available options to regain compliance during this six-
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