Hansen Faces Nasdaq Deadlines

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A Nasdaq panel has ruled that Hansen Natural Corp. can continue trading on the exchange pending the disclosure of an internal investigation into its stock options practices and other actions, the beverage maker reported in a regulatory filing Thursday.


The Corona-based drink maker also said that it will file its official earnings for the quarter ended September 30, 2006 by May 14 or face possible de-listing. Hansen said late Thursday that it would file the findings of its internal stock options backdating investigation by March 26.


Hansen is one of more than 200 companies mentioned in sweeping stock options investigations. The company was first notified by the SEC on Oct. 31 and hasn’t filed a quarterly report with the SEC since August of 2006.


Shares in Hansen closed down 32 cents to $34.68 and continued to slide another 14 cents in after-market trading Thursday.

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