NYSE Euronext (NYX.N) and Deutsche Boerse AG (DB1Gn.DE), in settling U.S. shareholder lawsuits challenging their roughly $9 billion merger, acknowledged the suits were a factor in the decision this month to pay a special dividend. According to an agreement filed on June 17 with the Delaware Chancery Court, the exchange operators would pay shareholders 2 euros (US$2.84) per share outstanding of the combined holding company after the planned merger is completed. It reflects a $910 million special dividend that NYSE Euronext and Deutsche Boerse announced on June 7, to be paid upon the closing of a merger that would create the world's largest exchange operator. The New York Stock Exchange parent, whose ticker symbol is NYX, said the lawsuits "were a factor in the NYX Board decision to support management's recommendation" that the combined company declare the dividend, according to the agreement.
NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 1.39% or $-0.455/share to $32.30. In the past year, the shares have traded as low as $26.58 and as high as $41.60. On average, 4756700 shares of NYX exchange hands on a given day and today's volume is recorded at 1084796.
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