Wednesday, September 28, 2005
New York Stock Exchange signals interest in merger with a European stock exchange
28/09/2005
Story: New York Stock Exchange (NYSE) has signalled interest in merging with one of the large European stock exchanges. According to a report from the German paper Handelsblatt, the head of NYSE, John Thain, mentioned that NYSE could merge with one of the three largest European players at a later time. He stated that at present discussions about which two of the three largest European stock exchange will merge are ongoing. He added that it appears two of the three largest stock exchanges plan to merge and the third one therefore would be a potential partner for NYSE later. Unnamed sources from the financial sector added that NYSE is said to have had a look at London Stock Exchange (LSE) in the past. Further talks are being held among Euronext and Deutsche Boerse which both eyed LSE in the past, the report added.
Source: Handelsblatt
Value:
Story: New York Stock Exchange (NYSE) has signalled interest in merging with one of the large European stock exchanges. According to a report from the German paper Handelsblatt, the head of NYSE, John Thain, mentioned that NYSE could merge with one of the three largest European players at a later time. He stated that at present discussions about which two of the three largest European stock exchange will merge are ongoing. He added that it appears two of the three largest stock exchanges plan to merge and the third one therefore would be a potential partner for NYSE later. Unnamed sources from the financial sector added that NYSE is said to have had a look at London Stock Exchange (LSE) in the past. Further talks are being held among Euronext and Deutsche Boerse which both eyed LSE in the past, the report added.
Source: Handelsblatt
Value:
