Alvarion delisted from Nasdaq, to begin trading on OTC market today

|About: Alvarion Ltd. (ALVR)|By:, SA News Editor

Alvarion (ALVR) will be delisted from the Nasdaq effective today due to its failure to complete receivership proceedings by the Jan. 13 extension date.

Shares on the Tel Aviv exchange will be suspended simultaneously.

Shares will begin trading on the OTC market at the open today under the symbol ALVRQ.

The company has 15 days to appeal the decision.