Allied Holding Seeks Delisting From Amex Trading

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uto hauler Allied Holdings said it filed an application with the Securities and Exchange Commission to voluntarily delist its trading on the American Stock Exchange.

Alied asked the Amex to suspend its stock trading if and at the time the SEC grants its withdrawal application, and said it expects to receive an order from the SEC in July.

The company May 24 reported a net fourth-quarter loss of $10.1 million or $1.13 per share, compared with a loss of $9 million or $1.03 last year.

Allied said it anticipates that upon termination of its Amex listing its stock will be traded on the over-the-counter bulletin board, but said it could not give assurance that any its stock will be traded.

Allied has been operating under a plan approved by the Amex in February in order to bring the company’s shareholders’ equity above the continued listing requirements of the Amex by May 2006.

The company said it filed to delist because it does not believe it will be able to comply with the plan.

Allied was ranked No. 22 on the 2004 Transport Topics 100 list of the largest U.S. and Canadian trucking companies.