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Rail News: Short Lines & Regionals
12/27/2004
Rail News: Short Lines & Regionals
Pioneer Railcorp to stop trading stocks publicly
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Pioneer Railcorp soon will be a privately traded company again. Last week, the short-line holding company announced it will de-register its stock with the Securities Exchange Commission and not renew listings with NASDAQ or the Chicago Stock Exchange for 2005.
Beginning Jan. 3, Pioneer will trade its shares privately as "pink sheets" under the symbol "PRRR."
The company — which owns and operates 16 short lines — is delisting its stock because stock offering-related costs are rising and trading activity is decreasing.
Beginning Jan. 3, Pioneer will trade its shares privately as "pink sheets" under the symbol "PRRR."
The company — which owns and operates 16 short lines — is delisting its stock because stock offering-related costs are rising and trading activity is decreasing.
