SITE Centers Shares Rise 18.3% in Friday Premarket Trading

SITE Centers shares rose 18.3% in premarket trading Friday. The move was recorded at 7:43 a.m. ET (11:43 UTC) on Oct. 16. After ending Oct. 15 at $3.01, SITE Centers traded at $3.60 at 8 p.m. ET (0000 UTC Oct. 16), a 19.6% increase from the prior close. SITE Centers has outlined a planned Dec. 4 NYSE delisting and a $3-per-share special cash distribution. The company expects the $3 payment to leave its stock price and market value near levels that could trigger an involuntary delisting. The voluntary delisting is expected to take effect before trading opens Dec. 4. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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