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Question on major announcements. (self.reddevils)

Paono が 投稿

I remember reading around the time of Fergie's retirement announcement that the club couldn't officially do anything until the NY Stock exchange was open as him retiring would plummet the stock value. Is there any truth to this? And would it be the same for all major announcements?

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[–]summy1001 1ポイント2ポイント  (0子コメント)

They have to inform the stock market of any changes to management purely so that potential investors are aware, but the announcements themselves don't have to wait until the NYSE opens. For example, with Fergie, that was announced at around 9.30am in the UK, which would have been around 4.30am in New York.