Charter Communications has come all the way back from its bankruptcy woes and returned to the NASDAQ stock exchange with a stock price that started at $38 and dropped to $35.50.
Share prices aside, the step was important as Charter clawed its way back from a March 2009 bankruptcy filing that caused it to be delisted. The MSO emerged from that problem in November and its shares were traded over the counter but "to resume trading on NASDAQ is an important and meaningful milestone for Charter," CEO Mike Lovett said in a news release.
- see this news release
Charter Communications will file for bankruptcy
Charter exits bankruptcy protection