What were regulators thinking?
WE SEE a lot of stupid things in the world of public company disclosure, but few are as dumb as the “Annual Information Update” required by European regulators. Do a search of Google for “Annual Information Update” and you’ll see what we mean. Look at this one via Market Wire and RNS, the “company news [...]
Another newswire sold! Sixth deal this year.
IN THE sixth newswire deal this year, Canada’s second largest news release distributor CCNMatthews is being acquired by the private equity arm of Canadian pension fund OMERS. The cash deal, terms of which were not disclosed, will also see Manulife Capital, the private equity group of insurer Manulife Financial, take a minority stake. CCNMatthews, which [...]
Nasdaq on collision course with IR vendors
THE Nasdaq Stock Market Inc. appears ready to wrap the cost of investor relations websites and newswire services into its annual listing fees — putting it on a collision course with many of its listed companies’ current service providers. In a filing with the SEC yesterday, the stock exchange said its fees would rise about [...]
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