ISE Stockholders Approve Combination with Eurex
27 Luglio 2007 - 5:15PM
Business Wire
International Securities Exchange Holdings, Inc. (NYSE: ISE)
announced that stockholders at a special meeting held today voted
to approve the merger agreement in which Eurex will acquire ISE.
99.7 percent of the stockholders who voted were in favor of the
agreement. More than 67 percent of eligible shares were voted.
Under the terms of the merger agreement announced on April 30,
2007, ISE stockholders will receive $67.50 in cash for each ISE
share held. The results of the stockholder vote were certified by
Broadridge Financial Solutions, Inc. �Our affirmative stockholder
vote is a significant milestone as ISE and Eurex move forward to
combine our two businesses to create the leading transatlantic
derivatives marketplace,� said David Krell, ISE President and CEO.
�We are very pleased that our stockholders support this
combination, which is an important strategic step to grow ISE�s
business in the years ahead. Currently, we are continuing with the
necessary steps to complete this transaction as promptly as
possible so that we can move forward to the integration phase.�
Andreas Preuss, CEO of Eurex and a member of the executive board of
Deutsche B�rse said, �The result of today�s extraordinary general
meeting marks an important step towards the anticipated creation of
a market leader in individual equity, equity index and long-term
interest rate derivatives worldwide. We are confident that this
partnership will significantly enhance our global position in the
derivatives markets. It will enable ISE and Eurex to offer trading
efficiencies and access to a global product suite to our respective
exchange members. After the transaction closes, we plan to
integrate the two businesses as promptly as possible to deliver
additional value to our shareholders and customers.� The
transaction will create the leading transatlantic derivatives
marketplace with significant USD and Euro product coverage and with
significant operations and revenues in both the U.S. and Europe.
Overall trading volume for the combined entity was 2.1 billion
contracts in 2006. Eurex�s and ISE�s complementary member bases and
product portfolios provide substantial growth opportunities across
asset classes and national boundaries. The affirmative stockholder
vote satisfies a condition to the closing of the acquisition. The
transaction also requires SEC approval. As previously announced,
ISE and Eurex expect the transaction to close in the fourth quarter
of 2007. ISE Background International Securities Exchange Holdings,
Inc. (NYSE: ISE), through its subsidiaries, operates a family of
innovative securities markets. ISE is founded on the principle that
technology and competition create better, more efficient markets
for investors and consists of an options exchange, a stock exchange
and an alternative markets platform. ISE continually enhances its
trading systems and develops new products to provide investors with
the best marketplace and investment tools to trade smarter. ISE
developed a unique market structure for advanced screen-based
trading systems and in May 2000 launched the first fully electronic
US options exchange. Currently, ISE operates the world�s largest
equity options exchange. ISE offers index options, including a
portfolio of proprietary index products, and enhanced market data
products for sophisticated investors. ISE FX OptionsSM launched in
the second quarter of 2007. ISE Stock Exchange, launched in
September 2006, is a completely electronic marketplace and the only
dual structure platform that integrates a dark pool, MidPoint
MatchSM, with a fully displayed stock market. Midpoint Match is a
proprietary, non-displayed market that trades equity securities at
the midpoint between the National Best Bid and Offer (NBBO). ISE�s
alternative markets business currently consists of an events market
trading platform known as Longitude. Longitude�s patented and
proprietary technology provides a unique parimutuel structure for
derivatives auctions which results in greater trading and pricing
flexibility for market participants. For more information about
ISE, visit www.ise.com. Certain matters discussed in this press
release are �forward looking statements� intended to qualify for
the safe harbor from liability established by the Private
Securities Litigation Reform Act of 1995. These statements relate
to future events or our future financial performance, and involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance or
achievements, to be materially different from those contemplated by
the forward looking statements. We undertake no ongoing obligation,
other than that imposed by law, to update these statements. Factors
that could affect our results, levels of activity, performance or
achievements and cause them to materially differ from those
contained in the forward looking statements can be found in our
filings with the Securities and Exchange Commission, including our
annual report on Form 10-K, current reports on Form 8-K and
quarterly reports on Form 10-Q.
Grafico Azioni Intntl Sec Exchange (NYSE:ISE)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni Intntl Sec Exchange (NYSE:ISE)
Storico
Da Set 2023 a Set 2024
Notizie in Tempo Reale relative a Intl Secs Exchange Hldgs (Borsa di New York (NYSE)): 0 articoli recenti
Più International Securities Exchange Holdings, Inc. Articoli Notizie