UK Eyes Lock For 'Back Door' To Premium Stock Listings

Law360, New York (January 26, 2012, 4:58 PM EST) -- Britain's Financial Services Authority on Thursday proposed rules that would heighten barriers when companies seek a “back door” entry to a premium listing on a U.K. exchange via a reverse takeover.

Companies enjoying premium listings are required to meet high standards for financial reporting and corporate governance and typically are more trusted by investors.

"They're trying to prevent a standard-listed company from reversing into a premium-listed company without having to go through the eligibility requirements," London-based Jones Day mergers and acquisitions partner Leon N. Ferera told...
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