News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 11 years ago
Rediff.com  » Business » IntercontinentalExchange to buy NYSE Euronext

IntercontinentalExchange to buy NYSE Euronext

December 20, 2012 19:32 IST
Get Rediff News in your Inbox:

IntercontinentalExchange Inc said on Thursday it would acquire NYSE Euronext in an $8.2 billion stock-and-cash deal.

The deal amounts to $33.12 per share and once closed, NYSE shareholders would own approximately 36 per cent of ICE shares.

NYSE Euronext is a Euro-American multinational financial services corporation that operates multiple securities exchanges, most notably New York Stock Exchange, Euronext and NYSE Arca (formerly known as ArcaEx).

NYSE merged with Archipelago Holdings on March 7, 2006, forming NYSE Group, Inc.

On April 4, 2007, NYSE Group, Inc. merged with Euronext N.V. to form the first global equities exchange, with its headquarters in Lower Manhattan, New York City, New York, United States.

Get Rediff News in your Inbox:
Source: REUTERS
© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
 

Moneywiz Live!