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Mechel gets NYSE non-compliance notice on $1 minimum price rule

Sep. 18, 2015 3:59 PM ETMechel PAO (MTL) StockBy: Carl Surran, SA News Editor
  • Mechel (NYSE:MTL -3.2%) says it received a notice of non-compliance from the NYSE regarding the exchange's $1 minimum price bid rule.
  • MTL says it will use its right to change the ADR to ordinary share ratio in order to regain compliance; currently, one MTL ADR corresponds to one ordinary share.

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