The New York Stock Exchange and pan-European stock exchange operator
Euronext N.V. have reached a merger agreement.
The NYSE will merge this spring with
Euronext N.V. which operates European exchanges.
Shareholders of
Euronext N.V. on Tuesday approved by an overwhelming majority a proposal for a merger between the pan-European stock exchanges and NYSE Group Inc., making the creation of the huge transatlantic bourse almost certain.
Euronext N.V. Chief Executive Officer Jean-Francois Theodore on Wednesday expressed willingness toward a merger between Euronext -- the operator of stock bourses in Amsterdam, Brussels, Paris and Lisbon -- and the Tokyo Stock Exchange.
In June, New York Stock Exchange Group Inc., the operator of the NYSE, and
Euronext N.V., the operator of stock exchanges in Amsterdam, Brussels and Paris, agreed to merge under a holding company.
In June, NYSE Group and
Euronext N.V., the operator of stock exchanges in Amsterdam, Brussels and Paris, agreed to merge under a holding company.
The TSE hopes to flexibly raise funds as a publicly traded company in order to cope with the global consolidation of stock exchanges, such as a merger agreement in June between NYSE Group Inc., the holding company of the New York Stock Exchange, and
Euronext N.V., the operator of stock bourses in Amsterdam, Brussels and Paris.
The TSE wants to flexibly raise funds so as to cope with the global consolidation of stock exchanges, such as a merger agreement in early June between NYSE Group Inc., which operates the New York Stock Exchange, and
Euronext N.V., the operator of stock bourses in Amsterdam, Brussels and Paris, sources close to the matter said earlier.
The TSE also wants to flexibly raise funds so as to cope with the global consolidation of stock exchanges, such as a merger agreement in early June between NYSE Group Inc., which operates the New York Stock Exchange, and
Euronext N.V., the operator of stock bourses in Amsterdam, Brussels and Paris.
NYSE Group Inc., the operator of the New York Stock Exchange, and
Euronext N.V., the operator of stock bourses in Amsterdam, Brussels and Paris, announced a deal Thursday to merge to create the world's biggest securities market traversing the Atlantic.