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Mon Oct 13 2008

Mon Oct 13 2008

Home >> Investor Resources >> Stock Market >> News >> Euronext Shareholders Have Approved The NYSE Buyout Offer

Euronext Shareholders Have Approved The NYSE Buyout Offer

Posted by admin, Tue, 19 Dec 06 09:27:21 -0500

Euronext shareholders have agreed to a buyout by the NYSE, which will create the world's first trans-atlantic stock exchange, and is valued at $14.6 billion. The initiative was a resounding success.

The combination was backed by over 98 percent of Euronext votes cast at the meeting in Amsterdam — excluding abstentions amounting to about 1 percent.

The deal still has a few minor hurdles to overcome, but should be finished shortly. The deal had been threatened by certain EU officials, but all was considered well enough to proceed in the end.

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