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Sunrise Gets NYSE Filing Extension



By AP
19 March 2008 @ 12:09 pm EST

NEW YORK - The New York Stock Exchange is giving Sunrise Senior Living another week to file its 2006 annual report, but an analyst says the retirement community operator has at least two months before it faces delisting.

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On Wednesday, the New York Stock Exchange extended until Monday Sunrise's deadline to file its Form 10-K. Previously, the deadline was March 17.

McLean, Va.-based Sunrise Senior Living Inc. delayed the filing because it is investigating its accounting practices.

William Blair analyst Ryan Daniels says Sunrise has more time, however. He says the company can request a review if the NYSE moves to delist its shares. It can file its 10-K while it waits for the review.

Shares slipped 34 cents to $19.25 in midday trading Wednesday. The stock hit a three-year low on Tuesday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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