NEW YORK – Germany's Deutsche Borse and NYSE Euronext said Tuesday, you have a deal to combine two of the world's largest stock exchanges in a global trading power.
The new company are not named and included in Amsterdam led by NYSE Chief Executive Duncan Niederauer with Deutsche Borse CEO Reto Francioni taking up the post of the Chairman, said the company.
Deutsche Borse shareholders are set to 60 percent have combined company with NYSE Euronext shareholders, taking a 40 percent share. The combined group have 2010 net income of $5.4 billion, always the world's largest Exchange group by revenue, who said two companies and yield combined synergies of 405.2 million $ (300 million).
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Last week, the two companies presented the first details of a merger plan that would create world's largest stock exchange, only a few hours after the London Stock Exchange said it would buy Canada TMX, sparking a merger frenzy in the sector.
Attention to the last round of tenders near regulators numbers. Users have raised red flags about the proposed tie ups.
"Euronext and Deutsche Borse are still screwing us fees for clearing, the closing auctions and small and medium-sized trading - the areas where you have virtual monopolies," said the head of markets on a large European Bank named rejected. "A merger is because together you are placed more powerful and better protect these monopolies."
Political and regulatory hurdles to the German Stock Exchange-NYSE Euronext tie-up threaten.
"The biggest question mark in general obviously the European political and regulatory landscape, which is coming out of this", said one source.
The boards of two Exchange owner have signed off on the deal, but it must still be approved by the shareholders and regulators.
The Frankfurt and New York-based company were Center of stage in the fusion frenzy that broke last week and heated on Monday as Brazil's BM & FBovespa said it was looking on your own perspectives and speculation, the CME Group in the fray intensified could jump.
Fox Business Network reported that CME Group, currently the world could top group derivatives exchange a hostile bid for NYSE Euronext, citing bankers.
A spokesman for the Chicago-based Exchange turned down an opinion. CME officials investors have guiding been from expectations, it would do a merger deal.
BM-& - FBovespa, the world's fourth largest financial exchange operator, closely tie-up locates, said Chief Executive E. of Pinto Reuters. Pinto said China and India markets were where it could expand.
Owners of traditional exchanges have been since save combines several years cost as competitors mounts from new computerized exchanges with names like FLEDERMAUSE and Chi-X.
The Group operator of the New York Stock Exchange, NYSE Euronext bought 10.2 billion US $ in 2007 hit from a rival bid of Deutsche Borse. The company covers stock and derivative markets in Amsterdam, Brussels, Lisbon and Paris and NYSE liffe derivatives market.
Deutsche Borse, whose Vorganger was founded in 1585 operates the Exchange in Europe's largest economy. It is also Europe's largest derivative Exchange, Eurex.
The largest Exchange owner in the United States is currently $20 billion CME Group. CME is the Chicago Mercantile Exchange, where wheat, corn and pork belly futures, and a number of other exchanges are traded.
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