Mills gets more time to file 2005 report |
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Sat, 03 Mar 2007 01:16
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CHEVY CHASE, Md. (AP) - Mills Corp., owner and operator of regional malls and retail centers, said Friday the New York Stock Exchange has granted the company until Apr. 2, to file its 2005 annual report without becoming subject to delisting.In a Feb. 26 letter to Mills, the NYSE said it will closely monitor the company's progress and could delist the company if it doesn't make progress toward meeting the additional one-month extension. Mills disclosed the letter Friday in a filing with the Securities and Exchange Commission. An accounting investigation and financial woes has prevented Mills from filing the reports.Mills disclosed that it has notified the SEC that its 2006 annual will also be filed late. Based on discussions with NYSE officials, Mills said it believes it will have six months from the filing due date of its 2006 annual report to file it with the SEC, assuming its 2005 annual report is filed by Apr. 2.Shares of Mills Corp. rose 22 cents Friday in after hours trading to $25.25, following an earlier close at $25.03, up 1 cent for the day, on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Hedge fund offers $499 million to Mills 