NYSE Euronext has launched a new exchange offer for all outstanding shares of Euronext, the operator of the Paris, Amsterdam, Brussels and Lisbon bourses. This comes after the US Securities and Exchange Commission (SEC) approved for New York Stock Exchange operator NYSE to join up with Euronext, which also operates the Euronext Liffe derivatives market.
Shareholders have been recommended by board members to accept the exchange offer for their shares, with 21.32 euros in cash standard offer for each share, without interest, and 0.98 of a share of NYSE Euronext common stock.
“We are committed to bringing these two great businesses together to form the world’s first truly global financial marketplace group,” says Marshall N Carter, the chairman of the NYSE Group. “The exchange offer, which runs from February 15th to March 21st 2007, will be settled on April 4th, the same date that NYSE Euronext shares are expected to float on Euronext Paris and on NYSE. Together, we will strengthen our leadership position and better serve our customers in our home markets and throughout the world.”