Firms flee Delaware in growing ‘Dexit’ trend
The Star Online - Business·2025-05-16 08:01
NEW YORK: In the coming weeks, investors in nine public companies worth at least US$1bil each will vote on proposals to ditch Delaware as their place of incorporation, potentially denting the state’s longtime reputation as Corporate America’s capital, Reuters has found.
Five companies with a stock market value of at least US$1bil have moved their legal home out of Delaware since last year, in what some have nicknamed “Dexit”.
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