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NYSE announces offer for Euronext
www.chinaview.cn 2006-05-23 11:23:50

Related: NYSE to make merger bid for rival stock exchange Euronext

After its boards met Monday to consider the NYSE offer and one from Germany's Deutsche Boerse, Euronext issued a statement saying they considered that the transaction with NYSE currently offers "the most attractive combination."

The New York Stock Exchange (File photo)

    PARIS, May 22 (Xinhua) -- The New York Stock Exchange offered Monday to pay 8 billion euros (10.2 billion US dollars) in cashand shares to acquire European exchange operator Euronext.

    After its boards met Monday to consider the NYSE offer and one from Germany's Deutsche Boerse, Euronext issued a statement saying they considered that the transaction with NYSE currently offers "the most attractive combination."

    But the company stopped short of a formal recommendation to shareholders.

    Shareholders will be asked for their views on both proposals before management makes a formal recommendation, the company said. Enditem

Editor: Zhang Lihong
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