Getty Images is trading 28.95% lower at $0.01, amid an October 12 agreement providing for existing common shares to be cancelled without distribution to shareholders.
- The agreement provides for a prepackaged Chapter 11 process; the Getty family and Koch affiliates would own the reorganized company.
- Shares trade over the counter after NYSE delisting proceedings amid restructuring uncertainty. No reliable volume information was available, and sources did not link the October 20 move to a new announcement.