Deutsche Boerse, NYSE in talks as merger frenzy grips

View previous topic View next topic Go down

Deutsche Boerse, NYSE in talks as merger frenzy grips

Post by Strawberry on Wed Feb 09, 2011 9:10 pm

NEW YORK/FRANKFURT (Reuters) -Deutsche Boerse is in advanced talks to buy NYSE Euronext in a deal that would create the world's largest trading powerhouse and put a bastion of American capitalism into foreign hands.

The discussions, announced on Wednesday, came only hours after the London Stock Exchange said it had agreed to buy Canadian market operator TMX, marking a shake-up for an industry under intense cost pressure from upstart electronic rivals, but one that offers new opportunities after the financial crisis in off-exchange derivatives trading.

News of the Deutsche Boerse talks sent NYSE Euronext shares soaring 14 percent to a two-year high and sharply boosted other exchanges on speculation that further match-ups would follow.

More on this link: http://uk.reuters.com/article/2011/02/10/uk-tmx-lse-idUKTRE7176NE20110210
avatar
Strawberry

Posts : 1757
Join date : 2011-02-07
Location : England

View user profile

Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum