FAO receives delisting notice

Toys cataloger/retailer FAO (Nasdaq: FAOO) is going from bad to worse. On Jan. 14, one day after it filed for Chapter 11 bankruptcy protection, FAO received word from Nasdaq that its stock was subject to delisting from the Nasdaq National Market.

King of Prussia, PA-based FAO has requested a hearing before a Nasdaq Listing Qualifications Panel to review the staff determination. FAO is the parent company of The Right Start, Zany Brainy, and FAO Schwarz.

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