Deutsche Boerse (DB1Gn.DE) will have the upper hand in the planned mega-merger deal with NYSE Euronext (NYX.N), the exchange operators' chief executive told a paper, as fears of fading significance linger. The proposed $10.2 billion takeover of NYSE Euronext by Deutsche Boerse unveiled last month would leave Boerse's shareholders with 60 percent of the combined entity, but analysts have cautioned that the company may end up with less power. [ID:nSGE71E027] [ID:nLDE71L17C] In a letter from NYSE Euronext Chief Executive Duncan Niederauer to NYSE staff, the deal was touted as a "merger of two great companies, not a sale or an acquisition," with Frankfurt and New York both emerging winners. But a close look at a merger filing with the Securities and Exchange Commission reveals that in the long run, the New York bourse could win the upper hand, despite Deutsche Boerse's larger size. [ID:nLDE71K0DP] In an excerpt of an interview with German business daily Handelsblatt to be published on Monday, Deutsche Boerse Chief Executive Reto Francioni said the high market capitalisation "puts us (Deutsche Boerse) in a position to do this deal the way we envisage it".
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