Title
Can European Companies Escape U.S. Listings?
Document Type
Article
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.
Date of Authorship for this Version
March 2004
Recommended Citation
Pozen, Robert C., "Can European Companies Escape U.S. Listings?" (2004). Harvard Law School John M. Olin Center for Law, Economics and Business Discussion Paper Series. Paper 464.
http://lsr.nellco.org/harvard_olin/464
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