Midway sinks further after Redstone escape
How low can you go? GI.biz reports that Midway's stock has plummeted some 40% since majority shareholder Sumner Redstone cast off his stake in the company to investor Mark Thomas on Monday and ran for the hills.
Midway's stock currently trades for around 23 cents a share, an all-time low and reason why the company continues to face delisting by the New York Stock Exchange. As Midway's dance of financial limbo persists, we can't help but look on and place bets when the troubled company's back will simply give out and snap in two.
