THE American Depository Receipts ( ADRs) of Indian companies listed on NYSE Euronext
commanded an average premium of 10.2 per cent over their underlying ordinary shares in the domestic market in 2009.
The company has announced that the French Autorite des marches financiers (AMF) have approved the company's prospectus for admission of its common shares on Euronext
. On March 30, 2009, Euronext
has approved the company's application for listing and trading of its common shares on the exchange.
was created in 2000 as paneuropean stock market by regrouping the markets from Brussels, Amsterdam, Paris, Lisbon and the market of abducted from London and is characterized by an open and federal model founded on:
The company said preliminary figures also showed that NYSE Euronext
was the world's top exchange for initial public offerings, measured by initial public offering proceeds of $78 billion, or $53bn euro.
The acquisition of Hugin will increase Euronext
's presence on the market for corporate news distribution, broadening its range of services for both listed and unlisted companies.
, whose shares rose more than three per cent after the announcement, in June accepted a $10 billion (pounds 5.07 billion) merger proposal from the NYSE Group, parent company of the New York Stock Exchange, in a deal now valued at $13.8 billion based on current share prices.
NYSE chief executive John Thain said in a interview that it would consider creating a new exchange in London if the acquisition of Paris-based Euronext
did not deliver enough international share listings.
yesterday said it would consider the proposal from NYSE along with a rival offer from Deutsche Boerse before today's (tues) annual meeting.
today said it will consider the proposal from NYSE along with a rival offer from Deutsche Boerse ahead of tomorrow's annual meeting.
, who run the Paris, Brussels, Amsterdam and Lisbon stock exchanges, have not made a formal offer but have been in talks with the LSE about a potential bid.
, which runs the Amsterdam, Brussels, Paris and Lisbon exchanges, has already held a series of 'productive meetings' with the LSE board, but did not say how much it might be willing to pay for the company.