The aim of the delistings reflects the change in investor behavior.
The delisting from the LSE is expected to become effective early October 2014, while the SIX delisting is expected to become effective in January 2015 at the earliest.
The study also found that the dramatic increase in foreign company delistings in 2007 was more than double the average rate of 7.
To a certain extent, the 2007 spike in foreign delistings represents pent-up demand to leave.
The voluntary delistings are expected to have little impact and will cause relatively little inconvenience on the company's shareholders and investors.
Applications for the voluntary delistings will be submitted to the four above-mentioned stock exchanges in September 2006, at the earliest.
Therefore, Sony believes that these delistings would
applications to three Japanese stock exchanges of Nagoya, Fukuoka and Sapporo for the delisting of Sony's shares of
Sara Lee is initiating the voluntary delistings due to low trading volumes on those exchanges.
Pending completion of the delisting process of each exchange, the company expects to complete the delistings for the Euronext exchanges on Jan.
Regarding the delisting
of its shares from the above-mentioned five stock exchanges, the company noted that trading volume of Matsushita's shares on these exchanges is extremely low, and that the delistings
would cause no substantial inconvenience to the company's shareholders and investors.
19, 1998--Regional Investment Bankers Association (RIBA) president Jeffrey Adduci said that his organization has commenced a study to determine the underlying causes of delistings
from the Nasdaq stockmarket.