NYSE, Deutsche Boerse Originated Merger Talks In Fall 2008
07 Aprile 2011 - 3:52PM
Dow Jones News
The seeds for the current battle over the New York Stock
Exchange were planted two and a half years ago, when NYSE Euronext
(NYX) Chief Executive Duncan Niederauer first discussed the subject
with his counterpart at Deutsche Boerse AG (DBOEF, DB1.XE), Reto
Francioni.
By September 2008 both sides had signed a confidentiality
agreement around a potential transaction and retained financial and
legal advisers, according to documents filed with regulators
Thursday.
Those talks fizzled in early December 2008 after leaks reached
the media, but Francioni and Niederauer kept open lines of
communication until reigniting serious merger talks in New York on
Aug. 2, 2010, when a deal schedule was formed up.
Niederauer notified NYSE Euronext board members of the talks on
Sept. 15, 2010 at which point he was authorized to continue and
expand the talks, according to the documents. The board met again
in October and December for updates.
-By Jacob Bunge, Dow Jones Newswires; 312-750-4117;
jacob.bunge@dowjones.com
Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Lug 2024 a Ago 2024
Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Ago 2023 a Ago 2024
Notizie in Tempo Reale relative a Nyse Euronext (Borsa di New York (NYSE)): 0 articoli recenti
Più NYSE Euronext Articoli Notizie