Deutsche B枚rse and NYSE Euronext to formalise tie-up
01 July 2011 Frankfurt
Image: Shutterstock
Deutsche B枚rse and NYSE Euronext have formally notified their planned business combination to the European Commission鈥檚 Directorate-General for Competition, thereby triggering the formal start of the anti-trust review process in Europe.
The NYSE Euronext Board of Directors has scheduled a special meeting of shareholders on July 7, 2011 where they will ask the NYSE Euronext shareholders to vote to approve the combination with Deutsche B枚rse. The acceptance period during which shareholders of Deutsche B枚rse can tender their shares for exchange to the joint holding company of Deutsche B枚rse and NYSE Euronext (Alpha Beta Netherlands Holding N.V.) will end on July 13, 2011.
The combination of Deutsche B枚rse and NYSE Euronext creates:
- a genuine transatlantic market infrastructure, positioning Europe as an equal partner to the US in leading the development and harmonisation of effectively regulated capital markets;
- a true, pan- EU equity stock market, with single currency trading and the deepest pool of liquidity in Europe, which thereby advances the European Commission鈥檚 vision of a single, integrated, pan EU 鈧�-denominated capital market;
- significant benefit for clients and issuers thanks to increased efficiencies and reduced costs from opportunities for post-trade harmonisation.
- the premier global exchange, allowing Europe to strengthen and solidify its role as one of the world鈥檚 most important financial centers now and into the future.
The transaction is subject to a number of conditions, including approval by the relevant competition and financial, securities and other regulatory authorities in the US and Europe
The NYSE Euronext Board of Directors has scheduled a special meeting of shareholders on July 7, 2011 where they will ask the NYSE Euronext shareholders to vote to approve the combination with Deutsche B枚rse. The acceptance period during which shareholders of Deutsche B枚rse can tender their shares for exchange to the joint holding company of Deutsche B枚rse and NYSE Euronext (Alpha Beta Netherlands Holding N.V.) will end on July 13, 2011.
The combination of Deutsche B枚rse and NYSE Euronext creates:
- a genuine transatlantic market infrastructure, positioning Europe as an equal partner to the US in leading the development and harmonisation of effectively regulated capital markets;
- a true, pan- EU equity stock market, with single currency trading and the deepest pool of liquidity in Europe, which thereby advances the European Commission鈥檚 vision of a single, integrated, pan EU 鈧�-denominated capital market;
- significant benefit for clients and issuers thanks to increased efficiencies and reduced costs from opportunities for post-trade harmonisation.
- the premier global exchange, allowing Europe to strengthen and solidify its role as one of the world鈥檚 most important financial centers now and into the future.
The transaction is subject to a number of conditions, including approval by the relevant competition and financial, securities and other regulatory authorities in the US and Europe
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