Deutsche Börse and NYSE Merger Talks This Week
Friday, February 11th, 2011
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Merger Could Take NYSE Out of American Control
“A German company is in high-level talks to acquire the New York Stock Exchange, Wall Street’s most recognizable institution. According to reports published in both the German and American financial press, Deutsche Borse, a Frankfurt-based stock exchange is seeking to take a 60 percent ownership interest in the NYSE. The merger would create the world’s largest financial exchange.
News of the deal sent both NYSE and Deutsche Borse stock soaring Thursday.”
Bloomberg Supports Merger Deal Between NYSE, Germans
“Mayor Michael Bloomberg said Thursday he thinks the propsed merger of the iconic New York Stock Exchange with Frankfurt’s Deutsche Boerse would be “the right thing for New York City.”
His comments come a day after the parent companies of the New York Stock Exchange and Deutsche Boerse said they were in “advanced talks” to combine operations — a deal that would create the world’s largest financial exchange.”
Frankfurt, New York stock exchanges mull mega-merger
“Investors were left with bated breath Wednesday after Deutsche Börse and NYSE Euronext said they were in “advanced discussions” to merge into the world’s biggest stock exchange operater by revenues and profits.
“This transaction creates a group that is both a world leader in derivatives and risk management and the premier global venue for capital raising,” the firms said in a joint statement.
“The global capital markets would benefit from the creation of the most efficient, transparent and well-regulated markets for issuers and clients around the world.”
Related articles
- Deutsche Börse Steals LSE’s Thunder (online.wsj.com)
- NYSE Euronext and Deutsche Börse plan monster merger (independent.co.uk)
- NYSE-Deutsche Börse Merger: What to Call the Combined Company? (blogs.wsj.com)
