Trusted News Trader
© Where truth comes into play
TrustedNewsTrader.com
German Bank Nears Purchase of NYSE *LINK*

German Bank Nears Purchase of NYSE

[snip]

Deutsche Boerse AG is in advanced talks to buy NYSE Euronext in an all-stock transaction that would create the world’s biggest exchange operator, accelerating a day of takeovers that began with London Stock Exchange Group Plc’s acquisition of Canada’s TMX Group Inc.

NYSE and Deutsche Boerse said they will produce 300 million euros ($410 million) in cost savings, according to a statement. Duncan Niederauer, New York-based NYSE Euronext’s chief executive officer, will hold the same job at the combined company. Frankfurt-based Reto Francioni, CEO of Deutsche Boerse, will be chairman. Deutsche Boerse will own about 59 percent to 60 percent of the joined corporation...

LINK:
http://www.moneynews.com/FinanceNews/NYSE-Deutsche-Boerse-Advanced/2011/02/09/id/385478

Messages In This Thread

German Bank Nears Purchase of NYSE *LINK*
Deutsche Boerse AG is NOT a bank but a Stock Exchange Service Company and NYSE is NOT the NYSE Euronext itself but Share-Holder.
Fair Use Notice -- Terms of Usage

©2005-2019 BBS Network, Inc. | BBS Radio® | BBS Talk Radio™ | BBS® ALL RIGHTS RESERVED - If it's not mainstream, it's on BBS Radio®.