Atticus Capital LP, the largest shareholder of Euronext, says that it intends to fully support Euronext’s imminent merger with the NYSE Group.
They aim to reward shareholders by both the growth outlook and cost savings of the combined business. Users will benefit from deeper and more liquid markets, covering more listed companies and potential fee reductions in the cash equities market. Listed companies will gain more listing options, a more global distribution platform through which to reach investors, and better visibility through the NYSE’s premier brand.
“We believe that NYSE Euronext will be the clear leader in the global exchange space, with the largest market capitalisation and daily value traded, as well as the highest number and capitalization of listed companies,” says Timothy Barakett, the Chairman and CEO of Atticus.
“This transaction will transform a European leader into a truly global champion, with shareholders, users, listed companies and the city of Paris all benefiting from its transformation,” adds David Slager, the Vice Chairman of Atticus.