Can European Companies Escape U.S. Listings?
Harvard Business School; Brookings Institution
Harvard Law and Economics Discussion Paper No. 464
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, G38working papers series
Date posted: April 25, 2004
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo4 in 0.359 seconds