The company's shares slumped as much as 4.47 euros, or 38%, to 7.2 euros, giving the company a market value of 157 million euros (or $140 million). The company, which owns the European rights to Walt Disney Co.'s music, reported late Thursday (11/30) that its nine-month operating loss had widened to 9.7 million deutsche marks (or $4.3 million) from a loss of 1.8 million marks for the same period a year ago.
Edel's market worth saw its high-water mark in February 1999, when the company, which trades on the Neuer Markt, was valued at more than 2 billion euros.
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