Biotech Values

[10nisman]

OT - NYSE / AMEX

http://www.cnbc.com/id/22715479/

NYSE Euronext Snaps Up Amex for $260 Million

Topics: Stock Market | Mergers & Acquisitions

Companies: NYSE EuronextBy: AP | 17 Jan 2008 | 05:05 PM ET Text Size The New York Stock Exchange said after markets closed Thursday it agreed to acquire its smaller rival, American Stock Exchange, for $260 million in stock.

The deal, which will later include the proceeds from the sale of Amex's Lower Manhattan headquarters a few blocks from the NYSE's Wall Street home, gives NYSE Euronext [NYX 29.56 0.33 (+1.13%) ] a second U.S. license for an option exchange. It would make the NYSE the No. 3 U.S. options marketplace.

The NYSE has been looking to move further into the options business.