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Bebe Stores to voluntarily delist from Nasdaq

Bebe Stores Inc. said Dec. 8 that it notified the Nasdaq Stock Market about plans to voluntarily delist its common stock from the Nasdaq Capital Market on Dec. 18.

The apparel retailer said its board of directors decided to move the common stock listing to the OTCQB Market, a service operated by OTC Markets Group, in order to achieve cost savings.

Bebe's last day of Nasdaq trading will be Dec. 15, and it expects to start trading on the OTCQB Market on Dec. 18.

The company said it intends to continue using the trading symbol BEBE.