The company is still negotiating with lenders to restructure its balance sheet and provide funding. Jackson Hewitt has repeated a statement that these steps may include a pre-packaged bankruptcy. Whatever plan is reached, the lenders and the company said the remaining value of the common stock will likely be wiped out.Last modified on Sunday, 02 June 2013
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NYSE to Delist Jackson Hewitt
The New York Stock Exchange plans to suspend trading in the common stock of Jackson Hewitt before trading opens on Monday, May 9. The tax preparation company said it had received the delisting notice because its stock price, the aggregate value of its common stock and shareholder equity fell below listing requirements.