C&D delays shareholder meeting
C&D Technologies Inc., Blue Bell, said it adjourned a special shareholders meeting that was to deal with the industrial battery-maker's financial restructuring. The meeting was moved back a week, to Dec. 20, to give shareholders time to submit their votes. The company wants to exchange two series of notes, due to mature in 2025 and 2026, for up to 95 percent of C&D's common stock. The company was delisted in October from the New York Stock Exchange because it failed to meet market capitalization rules. The shares, now traded over-the-counter, closed at 14 cents on Monday. -Paul Schweizer
C&D Technologies Inc., Blue Bell, said it adjourned a special shareholders meeting that was to deal with the industrial battery-maker's financial restructuring. The meeting was moved back a week, to Dec. 20, to give shareholders time to submit their votes. The company wants to exchange two series of notes, due to mature in 2025 and 2026, for up to 95 percent of C&D's common stock. The company was delisted in October from the New York Stock Exchange because it failed to meet market capitalization rules. The shares, now traded over-the-counter, closed at 14 cents on Monday. -Paul Schweizer