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Wilsons Faces Delisting

Wilsons The Leather Experts said Wednesday that on May 1 it received a warning letter from the Nasdaq Stock Market.

NEW YORK — Wilsons The Leather Experts said Wednesday that on May 1 it received a warning letter from the Nasdaq Stock Market. The company’s common stock has failed to maintain the minimum market value of publicly held shares of $5 million. Wilsons has until July 30 to reach the minimum and retain it for at least 10 consecutive trading days. If it does not meet these standards the company will be delisted.