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http://ssrn.com/abstract=511942
 
 

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Can European Companies Escape U.S. Listings?


Robert Pozen


Harvard Business School; Brookings Institution

March 2004

Harvard Law and Economics Discussion Paper No. 464

Abstract:     
European companies would like to deregister from the SEC system in light of Sarbanes Oxley. However, this takes at least 18 months for a foreign company listed on a US market, and is virtually impossible for a foreign company that has made a public offering in the US. Therefore, the SEC should adopt a geographic going private rule allowing a foreign issuer to opt out of the SEC system if the foreign issuer makes an offer to buy all shares of its US holders at a fair price as determined by an independent appraiser.

Number of Pages in PDF File: 6

Keywords: Sarbanes Oxley, SOX, securities regulation

JEL Classification: F21, G15, G38

working papers series





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Date posted: April 25, 2004  

Suggested Citation

Pozen, Robert, Can European Companies Escape U.S. Listings? (March 2004). Harvard Law and Economics Discussion Paper No. 464. Available at SSRN: http://ssrn.com/abstract=511942 or http://dx.doi.org/10.2139/ssrn.511942

Contact Information

Robert Pozen (Contact Author)
Harvard Business School ( email )
Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States
Brookings Institution ( email )
1775 Massachusetts Ave, NW
Washington, DC 20036
United States
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