The SEC is delaying an expected approval of new rules that would make it easier for foreign companies to delist from U.S. stock exchanges. Instead of approving new rules next week, the agency is scheduled to propose a new delisting plan, according to an agency statement. The original proposed change would have allowed companies to delist based on trading volume and the percentage of shares held by U.S. investors, but the re-proposed rule would allow companies to delist based solely on their trading volume.
December 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The Securities and Exchange Commission is delaying an expected approval of new rules that would make it easier for foreign companies to delist from U.S. stock exchanges.
Instead of approving new rules as once expected on Dec. 13, the agency is scheduled to propose a new delisting plan with some changes from the previous version, according to an agency statement on Wednesday.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
