ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NDAQ Stock Price » NDAQ Stock News

Nasdaq Stock Market Share News

 The Nasdaq Omx Grp. (mm) Stock Price
NDAQ Stock Price
 The Nasdaq Omx Grp. (mm) Stock Chart
NDAQ Stock Chart
 The Nasdaq Omx Grp. (mm) Stock News
NDAQ Stock News
 The Nasdaq Omx Grp. (mm) Company Information
NDAQ Company Information
 The Nasdaq Omx Grp. (mm) Stock Trades
NDAQ Stock Trades

21st Century Fox Starts Process To Delist From Australian Market

By George Stahl 21st Century Fox Inc. (FOXA) has begun the process to remove its listing on the Australian Securities Exchange, which the company said was an attempt to simplify the entertainment company's operating and capital structure. Following the listing's removal, all of 21st Century Fox's Class A and Class B stock will be listed solely on Nasdaq OMX Group Inc. (NDAQ). After separating from News Corp last year, "21st Century Fox has only limited operations in Australia," said Rupert Murdoch, chairman and chief executive. "We believe that consolidating the trading of our stock in the world's largest equity market would provide improved liquidity to the company's stockholders and greater efficiencies for the company." The company said the delisting would simplify its capital structure by reducing the number of equity pools to two Class A and Class B stocks from four. It also would consolidate trading to one exchange and reduce the company's reporting costs because it only would have to comply with one securities regulator. In addition, 21st Century Fox sees the move leading to increased trading in the company's common stock, particularly the less actively traded Class B shares. Also, the company said, the delisting could result in a reduction of non-U.S. holders of its Class B stock. If that number falls below 25%, it would enable the company to restore full voting rights to the company's non-U.S. stockholders. The move is subject to the approval of the company's Class B shareholders, who are expected to vote at a special meeting in March or April. If approved, the delisting from the ASX Ltd's (ASX.AU) Australian Securities Exchange would occur about a month thereafter. Following the delisting, former Australian-listed stockholders would have the ability to continue to own the company's stock through Nasdaq. According to 21st Century Fox, the Australian Securities Exchange has provided guidance on how to do the proposed delisting and is requiring compliance certain conditions, such as that holders of CHESS Depositary Interests be sent certain information regarding the proposed delisting. 21st Century Fox and News Corp (NWS), parent of this newswire and The Wall Street Journal, are controlled by Rupert Murdoch. Until late June, 21st Century Fox was part of the same company as News Corp. Write to George Stahl at george.stahl@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
04/01/201517:14:48U.S. Stocks Fall on Weak Economic Data
04/01/201512:07:11Nasdaq Leads U.S. Exchanges for IPOs in 2015
04/01/201510:00:00Sabre Corporation (Nasdaq: SABR) to Ring The Nasdaq Stock Market...
03/31/201510:00:00Knowledge@Wharton’s Cuba Opportunity Summit to Ring The Nasdaq S...
03/31/201510:00:00Celgene Corporation (Nasdaq: CELG) to Ring The Nasdaq Stock Market...
03/31/201506:21:00Nasdaq To Commence Trading Futures - The Beginning Of The End
03/30/201510:00:00The Biotechnology Industry Organization (BIO) to Ring The Nasdaq...
03/28/201515:32:00Buy This High Dividend Stock Yielding Over 8% As A Play On The...
03/27/201516:17:36Additional Proxy Soliciting Materials (definitive) (defa14a)
03/27/201516:15:25Proxy Statement (definitive) (def 14a)
03/27/201510:00:001347 Property Insurance Holdings, Inc. (Nasdaq: PIH) to Ring...
03/27/201510:00:00Spark Therapeutics, Inc. (Nasdaq: ONCE) to Ring The Nasdaq Stock...
03/26/201510:56:39Photo Release -- Nasdaq Welcomes SolarEdge Technologies, Inc...
03/26/201510:36:59Calamos Asset Management, Inc. (Nasdaq: CLMS) & The Calamos Dynamic...
03/26/201510:26:24United War Veterans Council to Ring The Nasdaq Stock Market Closing...
03/26/201508:52:47U.S. Stock Futures Point to Fourth Session of Losses
03/26/201508:20:17SolarEdge Technologies, Inc. (Nasdaq: SEDG) to Ring The Nasdaq...
03/26/201506:53:33Borse Dubai rules out selling Nasdaq OMX stake; confirms LSE...
03/25/201511:05:51Photo Release -- Nasdaq Welcomes Cellectis SA (Nasdaq: CLLS...
03/25/201510:00:00FOX’s “WEIRD LONERS” to Ring The Nasdaq Stock Market Closing Bell...

Nasdaq Stock Market and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad