NYSE Euronext (NYX): Looks like a done deal according to this...

Reply Private New

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	0
Posts	89
Boards Moderated	0
Alias Born	01/04/2007

melpomene

Re: Not_Bill_Oneil post# 176

Monday, 04/30/2007 1:04:25 PM

Monday, April 30, 2007 1:04:25 PM

Looks like a done deal according to this from Reuters:

http://today.reuters.com/news/articleinvesting.aspx?view=CN&WTmodLOC=C3-News-4&symbol=ISE&am...

PHILADELPHIA, April 30 (Reuters) - International Securities Exchange's (ISE) (ISE.N: Quote, Profile , Research) board of directors accepted a $67.50 per-share takeover offer from Deutsche Boerse (DB1Gn.DE: Quote, Profile , Research), a source familiar with the situation said on Monday.

A formal announcement is expected later Monday, the source said. The deal was a friendly, negotiated transaction that emerged out a friendship between the chief executives of the two companies, the source said.

Deutsche Boerse wants to buy ISE to expand in the fast-growing global market for options trading. ISE is the largest U.S. equity options market. The companies could not be immediately reached for comment.