NEW YORK, March 27, 2013 (GLOBE NEWSWIRE) -- On March 22, 2013, The NASDAQ Stock Market erroneously announced that it had delisted the common stock of Ampal-American Israel Corporation. Ampal-American Israel Corporation's stock remains listed on NASDAQ, but is currently suspended from trading on NASDAQ pending the outcome of its appeal of a NASDAQ Hearing Panel determination to delist the company's securities. Should the Hearing Panel determination to delist the company's securities be affirmed, NASDAQ will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. For news and additional information about the company, including the basis for the delisting and whether the company's securities are trading on another venue, please review the company's public filings or contact the company directly.
For more information about The NASDAQ Stock Market, visit the NASDAQ Web site at http://www.nasdaq.com. NASDAQ's rules governing the delisting of securities can be found in the NASDAQ Rule 5800 Series, available on the NASDAQ Web site: http://www.cchwallstreet.com/NASDAQTools/bookmark.asp?id=nasdaq-rule_5800&manual=/nasdaq/main/nasdaq-equityrules/.
Source:The NASDAQ OMX Group, Inc.