Deutsche Boerse seeking to buy the New York Stock Exchange in "merger of equals"

[Rey C.]

Maybe it's just me, but it seems a little odd that the last time I heard this term it was also a German firm, Daimler, acquiring another iconic American brand, Chrysler. And in that case (and I suspect in this case), the term was just being used to get by cynical U.S. regulators. That merger/takeover was nothing but hot mess from Day 1. I wonder how this one will turn out if it goes through?

I'm not a xenophobe, so it wouldn't matter to me if it was a German firm, a British firm or Canadian firm doing the buying. It just bothers me that probably the greatest symbol of the American financial system is up for sale. Well, the NYSE almost made its 220th birthday...

Deutsche Boerse, NYSE near deal but dodging thorny issues

The two have hammered out a broad framework for a deal that focuses on functions and personalities, with several executives chosen for key posts across Europe and the United States, three people familiar with the plan said.

Among the issues they will leave in the too-hard basket for now are what to call the merged entity, how exactly it will cut costs, and which technologies it will favor, the sources said.

 

[PlasmaTwa2]

 

[vodkazvictim]

Beware the Germans gaining control of your economy. Do you wanna end up looking like Greece?

 

[BioDefenseGrad]

Maybe it's just me, but it seems a little odd that the last time I heard this term it was also a German firm, Daimler, acquiring another iconic American brand, Chrysler. And in that case (and I suspect in this case), the term was just being used to get by cynical U.S. regulators. That merger/takeover was nothing but hot mess from Day 1. I wonder how this one will turn out if it goes through?

I'm not a xenophobe, so it wouldn't matter to me if it was a German firm, a British firm or Canadian firm doing the buying. It just bothers me that probably the greatest symbol of the American financial system is up for sale. Well, the NYSE almost made its 220th birthday...

Deutsche Boerse, NYSE near deal but dodging thorny issues

Chrysler was a bad buy for Daimler and this is probably a bad buy for Deutsche Boerse. Isn't the NYSE considered behind the times anyway? Why do they even need a physical stock exchange in this day and age?

 

[TheOrangeCat]

Nobody mention the War.

Damn.

 

[Supafly]

Kinder Eggs, Nutella, now we go for your stock exchange :elaugh:

 

[Rey C.]

Chrysler was a bad buy for Daimler and this is probably a bad buy for Deutsche Boerse. Isn't the NYSE considered behind the times anyway? Why do they even need a physical stock exchange in this day and age?

With the Archipelago and Euronext deals, the NYSE did advance quiet a bit. But yeah, the NYSE has fallen behind other (mostly electronic) exchanges in many ways. Notice how so many of the large tech companies chose to be listed on NASDAQ from the get-go: AAPL, MSFT, ORCL and DELL just to name a few.

I'm really not sure how this is going to work yet. I wonder if this will make it easier for investors to purchase shares in European companies that were once only offered as ADR's here, or whatever they have in Europe for American companies?

Like I said, it just the symbolism that I have a problem with. Nothing important... I don't guess. :dunno:

 

[Rey C.]

Kinder Eggs, Nutella, now we go for your stock exchange :elaugh:

We're a fair people. Tell ya what we'll do. We'll trade you Sarah P@lin and Michele Bachmann for Angela Merkel. Deal??? Hey, that's a 2 for 1 deal! How could you go wrong?

No? Damn, you drive a hard bargain! OK. OK. We'll throw in Barney Frank and Joe Biden so you'll have a matched set. Fair enough?

 

[TheOrangeCat]

We're a fair people. Tell ya what we'll do. We'll trade you Sarah P@lin and Michele Bachmann for Angela Merkel. Deal??? Hey, that's a 2 for 1 deal! How could you go wrong?

No? Damn, you drive a hard bargain! OK. OK. We'll throw in Barney Frank and Joe Biden so you'll have a matched set. Fair enough?

I think unless Ute Lemper is thrown in as well, it's going to be a tough sell.

 

[Supafly]

We're a fair people. Tell ya what we'll do. We'll trade you Sarah P@lin and Michele Bachmann for Angela Merkel. Deal??? Hey, that's a 2 for 1 deal! How could you go wrong?

No? Damn, you drive a hard bargain! OK. OK. We'll throw in Barney Frank and Joe Biden so you'll have a matched set. Fair enough?

Noooooooooo :1orglaugh