The US Securities and Exchange Commission has delayed approval of a Chinese-led takeover of the Chicago Stock Exchange, the latest setback for an acquisition that has attracted a lot of pushbacks from US lawmakers.
SEC staff had earlier recommended approval of the deal for one of the US’s oldest stock exchanges and the first proposed Chinese takeover of a US bourse.
However, in a technical and legalistic letter to the exchange, SEC secretary Brent Fields wrote that the deal would be delayed, pending a review of a rule change.
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