NYSE proposes Euronext merger (original source)

[lovuian]

http://www.sundaytelegraph.news.com.au/story/0,9353,19218060-1702,00.html

THE New York Stock Exchange has proposed a merger with Euronext to create biggest trading platform in the world, valued at US$21 billion.

The NYSE confirmed in a letter to the Euronext board the terms of the proposed deal, which the two exchanges had been reported to be discussing over the weekend. The tie-up would form the world's first trans-Atlantic bourse
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The original source post... 24 hour stock trading woohoo!!! :woohoo:

[Robbien]

1. Guess it was only a matter of time

Companies are gobbling each other up like popcorn. The NYSE is the biggest stock trading company on the block and it appears they are heating up the butter.

[lovuian]

2. NYSE in $21bn Euronext merger bid

http://news.bbc.co.uk/2/hi/business/5003558.stm

The New York Stock Exchange (NYSE) has unveiled plans to merge with the pan-European Euronext exchange.
The proposed move would create a transatlantic stock market giant worth 16bn euros ($21bn; £11bn).

Under the terms of the deal, each NYSE share would be converted into one share of common stock in the merged company, which would be renamed NYSE Euronext.

If successful, the merger bid would trump rival plans by Germany's Deutsche Bourse for a tie-up with Euronext.

snip...
Euronext controls the Paris, Brussels, Lisbon and Amsterdam exchanges, as well as the London-based Liffe international derivatives exchange.

The Paris-based operator has itself been at the centre of takeover plans for the London Stock Exchange (LSE).

more...
The BBC put up now too