Summary
European regulators yesterday unexpectedly said they have no objections to the proposed $13.8 billion (pounds 7 billion) merger between Euronext and NYSE - removing a hurdle for the first transatlantic stock exchange.
Euronext, whose shares rose more than three per cent after the announcement, in June accepted a $10 billion (pounds 5.07 billion) merger proposal from the NYSE Group, parent company of the New York Stock Exchange, in a deal now valued at $13.8 billion based on current share prices. Both companies say it is a merger of equals.See the full content of this document
Extract
Euronext and Nyse Merger Surprise
Merger talk between major exchanges has been swirling since earlier this year, as stock exchanges around the globe face p...
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