Thursday, October 19, 2006
NYSE could be takeover target if it fails to acquire Euronext - report
NYSE could be takeover target if it fails to acquire Euronext - report
Story The NYSE could end up being a takeover target if it fails in its bid to acquire Euronext, the European cross-border exchange, noted the National Post.
Tom Caldwell, a Canadian broker, who along with his clients owns a 3% stake in NYSE Group, was cited in the report as saying that NYSE could go from hunting for assets to itself being "the hunted." He explained that NYSE could fall victim to the new entity to be created via the proposed merger of the Chicago Mercantile Exchange and the Chicago Board of Trade. The merged entity would have a market cap of around USD 25bn, compared to NYSE’s market cap of about USD 9bn.
Source National Post
Story The NYSE could end up being a takeover target if it fails in its bid to acquire Euronext, the European cross-border exchange, noted the National Post.
Tom Caldwell, a Canadian broker, who along with his clients owns a 3% stake in NYSE Group, was cited in the report as saying that NYSE could go from hunting for assets to itself being "the hunted." He explained that NYSE could fall victim to the new entity to be created via the proposed merger of the Chicago Mercantile Exchange and the Chicago Board of Trade. The merged entity would have a market cap of around USD 25bn, compared to NYSE’s market cap of about USD 9bn.
Source National Post
