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Thursday, July 14, 2011

Deutsche Boerse clinches $9.7 billion NYSE Euronext deal, (NYSE: NYX)

Germany's Deutsche Boerse AG (DB1Gn.DE) pulled off a $9.7 billion takeover of NYSE Euronext (NYX.N) as shareholders approved a deal to create the world's largest exchange operator amid resistance in Frankfurt. The tie-up between NYSE and the German exchange is the latest mega-deal among exchange operators not to collapse, but faces formidable anti-trust hurdles on both sides of the Atlantic. More than 80 percent of Deutsche Boerse shareholders tendered their stock as part of the deal, the company said in a regulatory statement on Thursday based on a preliminary count. It said it would publish the final number of shares tendered at a later point.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 0.32% or $-0.11/share to $33.74. In the past year, the shares have traded as low as $26.65 and as high as $41.60. On average, 3985320 shares of NYX exchange hands on a given day and today's volume is recorded at 210812.



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