Nasdaq Plans to Delist Peregrine Next Week

Peregrine Systems Inc., said the Nasdaq Stock Market has notified the maker of business software that it intends to delist the company’s stock next week because its financial statements fail to comply with market rules.

Peregrine shares fell 48 cents to 35 cents. Nasdaq will delist the stock of the company, whose software lets businesses track assets such as computers and vehicles, before the market opens July 5. The San-Diego based company said it would request a hearing to appeal the delisting.