U.S. rejects Chinese-led takeover of Chicago Stock Exchange
On 15 February 2018, the Securities and Exchange Commission (SEC) rejected a takeover of the Chicago Stock Exchange by a group led by Chinese-based investors. SEC said in a statement that the review process had raised questions over "whether the proposed ownership structure will allow the Commission to exercise sufficient oversight of the Exchange" after the deal. The deal had been approved in December 2016 by the Committee on Foreign Investment in the United States, which scrutinizes deals for potential national security concerns, but also needed SEC approval.
Type: Entry and establishment (Approval and admission)
Industry: Services (Financial and insurance activities)
- U.S. Securities and Exchange Commission, Order Setting Aside Action by Delegated Authority and Disapproving a Proposed Rule Change, as Modified by Amendments No. 1 and No. 2, Regarding the Acquisition of CHX Holdings, Inc. by North America C, Feb 15, 2018