Study: Stocks reacted to rule

Board-nominee edict struck down

Posted: December 18, 2012 at 12:25 a.m.

A study by a University of Arkansas professor concludes that passage of a federal regulation making it easier for some shareholders to make board nominations improved the value of company shares the day the ruling was passed by a federal commission. But the rule never took effect because it was struck down by a federal appeals court in 2011.

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Business, Pages 23 on 12/18/2012