Eron Delisting+++++++++++++++ +++++++++

NYSE says delisting Enron shares


The New York Stock Exchange said it is delisting Enron Corp
shares with immediate effect after they traded below the
exchange`s one usd threshold for more than a month.

The shares, which have been suspended from trading for the
past several days pending the announcement of details of the
company`s sale of its wholesale energy trading unit to UBS
Warburg, last traded at 67 cents.

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The New York Stock Exchange said Tuesday it is delisting Enron Corp (ENE) shares, citing a likely long bankruptcy process and and the company`s share price. "Today`s action is being taken due to the expected protracted nature of the Company`s bankruptcy process and the uncertainty at this time as to the timing and outcome of this process as well as the ultimate effect on the company`s common shareholders," the exchange said in a press release. NYSE rules allow the exchange to delist the shares of any company that trade below $1 for 30 consecutive trading days.