The NYSE's determination is based on “abnormally low” price indications of the company's common stock evident at the opening of trading on July 8, 2015.

NYSE has informed the company that it will apply to the US Securities and Exchange Commission to delist the company's common stock upon completion of all applicable procedures.

“The company will continue to file periodic and certain other reports with the SEC under applicable federal securities laws,” the company said in a statement.

“The suspension and commencement of delisting do not affect the company's business operations, nor do they trigger any violation of any of the company's credit agreements or other debt obligations.”