Protection of investors in voluntary delisting on the U.S. stock market
2014 (English)Report (Other academic)
In recent years we have witnessed a significant increasing in the number of voluntary delisted companies from the U.S. stock mar-ket.Delisting has primarily an adverse impact on the minority shareholders’ interests. This study examines the effectiveness of the U.S. current system of investor protection in voluntary delisting. Legal analysis of legislation and court practice, historical overview of the U.S. regulation of delisting, comparative analysis of 28 lead-ing stock markets permitted me to formulate policy implications. The author suggests a substantial re-thinking of the existing rules and practices of delisting stocks from the U.S. equity markets by means of the shareholders’ approval of delisting on the issuer’s request.
Place, publisher, year, edition, pages
Uppsala: Uppsala universitet , 2014. , 49 p.
Uppsala Faculty of Law Working Paper, 2014 :4
IdentifiersURN: urn:nbn:se:uu:diva-234223OAI: oai:DiVA.org:uu-234223DiVA: diva2:755802