Wednesday, June 6, 2007
M&A deals in Exchange arena
NYSE Euronext is looking for for acquisitions of U.S exchange to expand its derivative trading business.
Another deal by NYSE Euronext would add to the more than $64billion of acquisitions and joint ventures exchanges world widehave announced since 2005, according to Bloomberg data. Lastmonth, the NYSE's largest U.S. rival, Nasdaq Stock Market Inc.agreed to pay $3.8 billion for Stockholm-based OMX AB. In April,Euronext's chief rival in Europe, Deutsche Boerse AG, agreed topurchase New York-based International Securities ExchangeHoldings Inc. for $2.8 billion.
The pace of consolidation among exchange has spured rival bids on deal. ICE is seeking to detail Chicago Merc's bid for Chicago Board of Trade.
Synergy:
technology sharing
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