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Medical Staffing Network Holdings Inc. (NYSE: MRN), the largest provider of per diem nursing in the U.S., said today the New York Stock Exchange will suspend its trading effective Dec. 15. The suspension comes, the company said, because its market capitalization was less than $25 million over a 30-day trading period.
Medical Staffing Network said it does not plan to appeal the NYSE's decision to suspend its stock.
The company said it plans to move to the OTCQX exchange. It will announce its new ticker symbol when it becomes available.
Medical Staffing Network earlier announced it was out of compliance with NYSE listing requirements on Oct. 10.