NYSE:TGIAerospace & Defense
Should Triumph Group's (TGI) Voluntary Delisting and Index Removal Require Action From Investors?
Triumph Group, Inc. recently announced that it has filed a Form 15 with the U.S. Securities and Exchange Commission to voluntarily deregister its common stock, which has triggered its removal from numerous major Russell indices.
This voluntary deregistration can have broad implications for institutional ownership, as index removals often require certain funds to sell their holdings in the company.
With Triumph Group's decision to deregister prompting a wave of index removals, we'll assess...