After a 15-month effort, the SEC on Wednesday approved new rules making it easier for foreign companies to delist from U.S. stock exchanges. The agency hopes simplified delisting procedures will encourage companies to try listing in the U.S. without fear of being stuck if they don't want to remain. That effort becomes more important as more securities listings move to foreign exchanges. "Ironically, by making the exit easier, we may attract more interest," SEC Chairman Christopher Cox said.
March 23, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After a 15-month effort, the Securities and Exchange Commission on Wednesday approved new rules making it easier for foreign companies to delist from U.S. stock exchanges.
The agency hopes simplified delisting procedures will encourage companies to try listing in the U.S. without fear of being stuck if they don’t want to remain. That effort becomes more important as more securities listings move to foreign exchanges.
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