Monday, July 10, 2006

EU laws to govern stock exchange mergers


European regulations will continue to apply to companies listed in Europe in the event of mergers in the stock exchange sector, Charlie McCreevy, the internal market commissioner, said.

Some European investors have expressed fears that the proposed merger between Euronext NV and NYSE Group Inc could lead to European companies having to comply with the Sarbanes-Oxley corporate governance rules in force in the US.

See full Article.