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Removing a company's securities from trading on an exchange.
The exchange and company follow the relevant notice, approval and other requirements. After delisting, the security may no longer be traded through that exchange, which can make selling harder and change disclosure obligations. Some transactions include a cash exit or share cancellation; others leave investors holding unlisted shares. A temporary trading suspension is a separate status and may end without delisting.
Suppose a company proposes leaving an exchange after a controlling investor increases its stake. An investor who retains shares may still own part of the company but have no ready exchange market in which to sell them. If an approved acquisition instead provides a cash payment and transfers the shares, the outcome differs. The hypothetical shows why the exit terms matter alongside the announcement.
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