The brave Atlantic alliance

While European investors continue to put their money into the U.S., a change in the Paris Stock Exchange rules is making it easier for U.S. investors to hunt for bargains in Europe.

NicOx (NM:Nicox) last week became the first company to take advantage of the rule change, raising E26 million ($31.8 million) through a PIPE of 9.4 million shares at E2.75, a 15% discount to the closing price of E3.23 on Wednesday, the day prior to the announcement. ...