Dex One appealing delisting notice

Cary yellow pages publisher Dex One announced that it plans to appeal the delisting notice it has received from the New York Stock Exchange.

Dex reported Wednesday that it has been notified that it no longer meets the exchange's requirement of having a market capitalization -- the total value of its outstanding stock -- of at least $100 million.

Dex said it plans to cite in its appeal several "special factors" why the company shouldn't be delisted, including its pending merger with another yellow pages publisher, Texas-based SuperMedia. Based on their current trading levels, the combined company, which will be called Dex Media, would have a market capitalization of more than $150 million.

Dex anticipates that its shares will continue to trade on the NYSE during the appeals process.

The merger, which is expected to be completed before the end of June, will cost the Triangle a corporate headquarters. The combined company's headquarters will be based in Dallas.

Dex shares closed Wednesday at $185, up 5 cents, giving it a market capitalization of $94.1 million. Its shares were trading for 72 cents in November.