The Kuwait Stock Exchange has developed new listing rules for company mergers to improve its transparency and efficiency, reported Reuters. Under the new rules, shares in firms merging with another company will be suspended for 12 months if the exchange previously rejected an application of the merging partner to list its stock. Trading in those shares will only resume after approval by the exchange's market committee, and after the firm meets all rules set by the committee.
[AMEInfo.com]



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Posted: 10|2|07 at 9:42 am. Filed under: News.