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Why did Ahold delist from NYSE and de-register from US SEC?

ahold de-register delist nyse sec
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Why did Ahold delist from NYSE and de-register from US SEC?

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On September 20, 2007, Ahold completed the delisting of its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE). Deregistration from the U.S. Securities and Exchange Commission (SEC) became effective on December 27, 2007. This terminates Ahold’s reporting obligations with respect to the ADRs on the NYSE which had been suspended since September 28, 2007. The Company’s ADRs will continue to be traded on the over-the-counter (OTC) market in the United States. The decision to delist was taken as part of Ahold’s strategy to improve cost-effectiveness by reducing complexity without detracting from the integrity of its corporate governance and control processes. The benefits of maintaining a U.S. registration and a NYSE listing have declined over time. The majority of Ahold shares held by U.S.-domiciled investors are acquired through Euronext Amsterdam and the average daily trading volume in the United States over the last 12 months has been less than five percent of t

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