NYSE parent to merge with Frankfurt, Germany, exchange

[Supafly]

Heidi Klum, Kinder Eggs, Nutella...

You guys had it coming for some time, and now here comes the big one:

NYSE parent to merge with Frankfurt, Germany, exchange

The parent company of the New York Stock Exchange announced Tuesday that it plans to merge with the owners of the stock exchange in Frankfurt, Germany, a deal that would create the world's largest marketplace for stocks and derivatives if it wins approval on both sides of the Atlantic.

Under the all-stock deal, shareholders of Germany's Deutsche Boerse would own 60 percent of the new company while NYSE Euronext shareholders would own 40 percent. That values NYSE Euronext at about $10 billion, analysts said. The new entity, which has yet to be named, would have headquarters in both Frankfurt and New York.

...

http://www.washingtonpost.com/wp-dyn/content/article/2011/02/15/AR2011021506198.html

Soon it will be called the 'Wall Straße' in 'Neu York' :1orglaugh

 

[Rey C.]

Hey, this topic looks awfully familiar to me!



P.S. We'll get you back for this. When Sabine "Speedbee" Schmitz becomes the Mrs. to Rey C. (she'll make a great future ex-wife), you'll be sorry then!

 

[Supafly]

Damn you caught me ^^

Good luck with Biene!

 

[nylo]

Let's face it, it's NOT a merger. More like a takeover, look at the percentage.

The Wall Street scumbags had better learn to start speaking German. Germany's financial laws arent quite as tolerant of their shenanigans and blatant stealing as here in the US.