German exchange operator Deutsche Boerse AG (DB1.XE) Wednesday reiterated that it still expects EUR300 million annual cost savings and at least EUR100 million revenue synergies from the tie-up with NYSE Euronext (NYX).

Deutsche Boerse and NYSE Euronext last month agreed to a combination that would create the biggest exchange group on the planet, with Deutsche Boerse shareholders owning about 60% of the combined entity.

Deutsche Boerse reiterated that the deal has a EUR250 million break fee, "under specific contractually defined conditions, in case a competing takeover offer is submitted for one of the two companies."

According to press reports, Nasdaq Stock Market owner Nasdaq OMX Group Inc. (NDAQ), is mulling a competing bid for the New York Stock Exchange.

-By Ulrike Dauer, Dow Jones Newswires; +49 69 29725 500; ulrike.dauer@dowjones.com
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